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: $128,274PA 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 – $34,975.09PA 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 – $10,909.09PA plus GST
For further information or to arrange a site inspection, please contact Cheryl Yeats and James Roux at Cameron.
*Approximate.
