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.
