Unlock Lucrative Potentials: Income with Explosive Growth Opportunities (STCA)

  • Substantial future development (STCA)
  • Corner site with Dual main road frontage
  • 3 Separate tenancies

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.


Contact Agents

Cheryl Yeats
Cheryl Yeats

Partner

James Roux
James Roux

Partner


Property Information

For Sale
POA
Land Area11,300m²
CategoryRetail
ZoneIndustrial 3