Savvy investors and developers take note. Rarely does a commercial investment/redevelopment opportunity the calibre of this offering enter the market.
Zoned Industrial 3, the parcel of land covers 8,660 sqm over 3 titles. Boasting sealed road frontage and comprising 8 buildings and ample onsite parking/storage space, the curbside original art deco coolstore building in excellent condition and retaining numerous period features, is currently utilised as office space and the facility's lunchroom. A second prominent building with wide verandah hosts a foyer and 3 tenanted office spaces. 7 sheds accommodate a variety of commercial/industrial tenants and 3 phase power is connected to the property. The 4 separate tenants, all on secure leases collectively return $69,712.07pa, translating to a very attractive 6.6% ROI. Alternatively, the site's impressive dimensions and dress circle location confirm the landholdings redevelopment credentials STCA.
Midway between Kyneton and Bendigo and minutes from the Calder Highway, vibrant Harcourt with its quality homes, boutique eateries, artisan stores, surrounding wineries and tourist sites is rapidly becoming a go to tree change destination for residential and commercial owner occupiers and investors alike. The opportunity to secure a successful commercial or exciting redevelopment property such as 32 Coolstore Road is simply too good to miss.
PROPERTY AND INFRASTRUCTURE
* 8,660 sqm commercial/industrial offering over 3 titles
* Industrial 3 Zoning
* Sealed road frontage; power, sewage, phone, internet
* 5 buildings
obrick original art deco coolstore offices/lunchroom
oSignificant timber building with wide verandahs foyer and 3 office spaces
o7 separate, large sheds concrete flooring, 3 phase power
* Excellent rental returns from 4 tenants delivering $69,712.07pa (6.6% ROI)
* Dress circle location in vibrant Harcourt
* Midway between Kyneton and Bendigo; minutes from the Calder Highway
* Outstanding commercial investment or redevelopment opportunity STCA
