Cameron is excited to offer for sale this impressive investment opportunity, located at 230-232 Marine Parade & 2 Barclay Crescent, Hastings. Spanning 11,300m2* offering 1 titled property with 3 separate tenancies. The property is situated within one of the Peninsula's major industrial precincts being well serviced by Frankston-Flinders Road and Western Port Highway as well as Hastings Rail network. Key Property features include: - Prominent corner site with main road frontage - Industrial 3 Zone - 3x Separate tenancies - Substantial future development upside (STCA) Investment Summary: 230 Marine Parade, Hastings Tenant: Coates Hire Operations Pty Ltd Lease expires: May 2029 Return: $141,101.40PA plus GST & Outgoings Property features: - Showroom - Work shop - Multiple roller doors - Dual access - Lunchroom - Sizeable yard area 232 Marine Parade, Hastings Tenant: Caravan Repairs servicing and Storage Returning – $38,472.60PA plus GST 5 Year term Option 2x 5 years Commencement – 17/06/2022 CPI increases annually 2 Barclay Crescent, Hastings Tenant – Private Tenancy Term – Month to Month Returning - $12,000PA plus GST For further information or to arrange a site inspection, please contact Cheryl Yeats and James Roux at Cameron. *Approximate.
Email enquiry to Cameron - Head Office
Properti ID: 504585800