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52 High Street, HASTINGS, VIC, 3915
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52 High Street, HASTINGS, VIC, 3915

2. Property Highlights

Trophy Freehold Between Coles and Woolworths on Hastings #1 Retail Strip
  • 445sqm* site on main retail strip
  • Immaculate 402sqm* freehold building
  • Direct exposure to 250+ car parks

Burgess Rawson and Century 21 are pleased to offer to the market the NAB, Hastings VIC for sale via Investment Portfolio Auction 157.

The property has the following investment highlights:

+High profile 445sqm* Commercial 1 Zone site with important dual frontage and side pedestrian lane access.

+Trophy 402sqm* freehold building on main retail strip with direct exposure to 250+ council car parks at rear.

+Desirable retail position between Coles and Woolworths and nearby Kmart, ALDI and Ritchies IGA.

+NAB must convert building back to 5 individual tenancies at their cost.

+Leased to NAB, ASX listed giant with current $99.31 Billion market cap (as at 9 November).

+Fixed 3% annual rent increases assuring growth.

+NAB pay all usual outgoings including land tax as per lease.

+Hastings: commercial capital of Western Port, only 58km from Melbourne CBD.

+Net Income: $101,295 pa* plus GST (as at February 2023)

*Approx

To be sold by Investment Portfolio Auction

10:30am AEDT Wednesday 7th December 2022

Crown Casino, Melbourne

Remember to mention you found this property on CommercialReady

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Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Rick Jacobson
Rick Jacobson
+61 *** *** *** show +61 413 830 083

3. Property Location

52 High Street, HASTINGS, VIC, 3915

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4. Due Diligence

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52 High Street, HASTINGS, VIC, 3915 Hastings
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Rick Jacobson
Rick Jacobson
+61 *** *** *** show +61 413 830 083
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