Highly Desirable Essential Service Investment
- Tenant - Shell Coles Express
- Rental $305,000* net per annum
- New 5-Year Lease Commencing 1/9/24
Cameron is pleased to present 152 High Street, Hastings for private sale.
Investment Highlights:
• Landmark 3,281 sqm* prime landholding on the corner of High Street and Frankston – Flinders Road, with corner site frontage 113.9m*.
• Approved permit to operate 24/7 unlocks increased sales throughout the day and night. This caters to late-night drivers and off-peak hours.
• Brand new 5-year lease from 1 September 2024 with two further terms of 5 years
• Initial rent $305,000* per annum plus GST and outgoings, with annual CPI review
• Commercial 2 Zone intended for offices, manufacturing, industries, bulky goods retailing, retail uses, and associated business and commercial services.
• Public transport connectivity, 500m* from Hastings Train Station.
• The Mornington Peninsula region is a popular tourist destination, providing potential customer traffic for businesses in the area.
• Situated along a major thoroughfare, providing good visibility and accessibility with annual average daily traffic (AADT) of 3,900 along High Street and 8,100 along Frankston – Flinders Road.
152 High Street provides investors with the security of a reliable income stream along with the exciting possibility of long-term capital appreciation.
For further details regarding this exceptional investment opportunity, please contact the selling agents.
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Contact Agents
