860 Hopkins Highway Grassmere VIC 3281

This Freehold property is in a strategic location 10km from Warrnambool CBD

Land use: General Purpose Warehouse, Zoning: Farming Zone
3900sqm (approx.) corner site with unbeatable exposure and dual access from Hopkins Highway and Grassmere Road frontages
Substantial 2410sqm building including retail floor, 444sqm mezzanine level offices & storage, staff amenities, display yard
Leased to long term, renowned tenant George Taylor Stores
Current lease expires June 2022 with one further option of 3 years
Net income $68,000 pa plus GST
Annual CPI increases
Opportunity to invest and/or eventually develop or occupy.

Warrnambool's population is expected to grow significantly with an estimated population of approx. 46,210 by 2036 which will ensure the continued viability of this city well into the future. This is a rare chance to purchase a strong, one of a kind land holding to the north of the Warrnnambool growth corridor and also offers potential for further major re-development (STSA)

Inspection by appointment only, please contact selling agent
Christine Steere 0409906223
First National Real Estate Warrnambool