High-Exposure Investment - Blue-Chip Tenant - New 7-Year Lease
- Prime location in Major Activity Centre
- Securely leased to national tenant
- Large solar installation
Cameron is pleased to offer for sale 230 Old Geelong Road, Hoppers Crossing – a high-profile commercial investment positioned in the heart of the area’s most dynamic retail and commercial precinct.
Positioned on a substantial landholding of 1,490m², this property features a 960m² building comprising a versatile combination of open-plan retail showroom, partitioned office space, and rear warehousing with exclusive access to a secure, fenced rear yard of approximately 600m², providing a total useable land area of over 2,000m².
Underpinned by a blue-chip national tenant, the asset is currently returning $265,080 per annum plus GST and outgoings, and securely leased with options until 2039.
Don’t miss this rare and valuable opportunity to acquire an income-generating investment in a tightly held and rapidly developing corridor.
Property Highlights:
* High-exposure main road location in Major Activity Centre
* Leased to blue-chip national tenant
* Flexible layout: showroom, offices & warehouse with roller door access
* Exclusive access to secure fenced yard of approximately 600m²
* Over 2,000m² total useable land area
* Three crossovers
* Ample on-site parking
* Large solar installation on roof
Investment Highlights:
Tenant: Choices Flooring
Current Rental: $265,008 pa + GST & outgoings
Current Term: Seven (7) years
Current Term Expiry: May 2032
Further Terms: One (1) further term of seven (7) years
Security Deposit: Equal to six (6) months rent
Reviews: 3.5% annually
Contact the exclusive agents at Cameron for more information and to arrange an inspection.
Measurements are approximate and outlinese are indicative only.
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