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191 - 193 Old Geelong Road
Hoppers Crossing VIC 3029
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Sold on 1 Dec 2021

191 - 193 Old Geelong Road Hoppers Crossing VIC 3029

  • Factory, Warehouse & Industrial
  • 405 m²
  • Sold

The Golden Ticket: Long Term Lease in Busiest Precinct.

    POINT OF INTEREST:

    **Auction On Site: Wednesday 1st December 2021 at 12 midday**

    An investment offering that is positioned in the heart of Hoppers Crossing’s Golden Mile precinct that has a reputation as one of Melbourne’s leading showroom precincts. The strip has a notoriously low vacancy rate and is anchored by an abundance of national and household brands including Fantastic Furniture, Bunnings, and Autobarn just to name a few. 

    The exposure to 11.65 million passing cars annually and the influx of shoppers visiting the precinct leaves little doubt of the ongoing success of this investment opportunity.  

    The site has been serving loyal and new customers for the past 25 years and has committed to a further 6 year lease with further terms of 6 + 6 years providing a secure and long term income to the successful purchaser. 

    Points Worth Mentioning:
    - 405 sqm* of open and closed building areas.
    - 1,374 sqm* corner land holding.
    - 11.65 million* passing cars annually.
    - 22.2 km* from Melbourne CBD.
    - 1.1 km* to Hoppers Crossing railway station.

    Lease Summary:
    - Income: $110,000 per annum net.
    - Commencement: 25/10/2021.
    - Lease Term: 6 years.
    - Further Terms: 6 + 6 years.
    - Annual increases: 3% per annum.

    POINT OF VIEW:

     Note for experienced and astute buyers: This will be the addition to your portfolio that requires minimal attention but holds extraordinary value. From the crowd favourite homemakers location to the extensive commuter exposure - Purple Octopus Multiwash is like picking up a valuable wildcard in the deck.

    *Approx.
    Pricing excludes GST

    AUCTION

    Auction date and time01/12/2021 12:00
    Auction location191 - 193 Old Geelong Road, Hoppers Crossing VIC

    Property Highlights

    Date Sold1 Dec 2021
    Floor Area405 m²
    Land Area1,374 m²
    ParkingAsk Agent
    Property ID2017388565
    Category
    Last updated  1 Dec 2021
    Map for 191 - 193 Old Geelong Road Hoppers Crossing VIC 3029

    Property Highlights

    Date Sold1 Dec 2021
    Floor Area405 m²
    Land Area1,374 m²
    ParkingAsk Agent
    Property ID2017388565
    Category
    Last updated  1 Dec 2021

    Co-Agents

    John Nockles
    CVA Property Consultants Pty Ltd
    Call
    0404 530 393
    Charles Cini
    CVA Property Consultants Pty Ltd
    Call
    0411 423 389

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