CBRE is delighted to offer to market ‘TRP Parts’ at 57 Star Point Place, Hastings VIC 3915 for sale via Private Treaty. The property has the following key investment highlights:
+ Five (5) Year lease to 2028 plus One (1) further Five (5) Year option to 2033.
+ TRP Parts: Australias fastest-growing truck & trailer parts provider with 57 affiliated networks nationally, offering a wide range of affordable, quality parts. (1)
+ CMV Group: Long-established automative & agriculture business with over 85 years of history and more than 1,600 employees across the state, owning and operating several TRP stores across Australia. (2)
+ Annual fixed compounding 3% rent increases, ensuring income growth.
+ Investor friendly net lease, with tenant pays usual outgoings.
+ Constructed in 2023, providing significant depreciation benefits.
+ High-exposure 661 sqm* corner site landholding, with an expansive dual street frontage of 72 meters*.
+ Situated on the bustling FrankstonFlinders Road, with 16,200*+ vehicles passing daily, and easy access to major arterial roads. (3)
+ Modern 540sqm* warehouse/showroom with 10 on-title car parks and rear loading bay.
+ Strategically located within the premium Star Point Business Park (70+ warehouses), neighbouring Bunnings, Bowens, Petstock, Brandt, Goodyear Tyres, and other national tenants.
+ Ideally positioned within the Hastings commercial center, with Coles, Woolworths, Kmart, Aldi, McDonalds, KFC, and Hastings Station all within a 2.2 km radius.
+ Hastings: commercial and industrial capital of Western Port and key linkage to the Mornington Peninsula, 58km from Melbourne CBD.
+ Net Income: $109,910 pa* + GST (Sep 2025) For Sale by Private Treaty. * Approx (1) TRP Parts Australia (2) CMV Group (3) Gap Maps