SOLD

Tallon Estate Agents are proud to offer this excellent investment opportunity in a busy Industrial area of Hastings on the Mornington Peninsula.

This property offers 3 large warehouses, fully leased with excellent tenancies and an incredibly low vacancy rate since construction.

Warehouses of this size are rare in Hastings and highly sought after by tenants, providing its new owners comfort in an ongoing investment income.

Easy access to Western Port Highway & Peninsula Link.

Warehouse 1: 832m2 (approx) with showroom, offices, kitchen & bathroom facilities
Warehouse 2: 522m2 (approx) with lunch room/kitchenette, double story offices & bathroom facilities
Warehouse 3: 522m2 (approx) with lunch room/kitchenette, double story offices & bathroom facilities
Total land size: 4027m2 (approx).

Net annual income of $130,396 (approx) + GST + Outgoings

The property has had a previous planning permit (documents available) to be subdivided into 3 separately titled warehouses. Investors can revisit this idea to subdivide and re-sell with added capital value from separate titles. The property also has 300 amps per phase running into the property to cater for even the most demanding machinery.

For further information about this opportunity including details of tenancy mix or to arrange an inspection please submit an enquiry.