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Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

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Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

Hoppers Crossing

Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029
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Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

Hoppers Crossing

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Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

Properties / Sold / Victoria / Hoppers Crossing
Tenanted Investment
Selling Method
EOI
Selling Details
Contact Agent
Floor Area
1240 m² (*approx)
Property Type
Retail, Other
Sub-type
Mixed Use
Terms
Secure 7 year lease with 7 year option (Commenced 1 May 2022)
Est. Income
$280,984 p/a
Fully Leased
Gatsby Living
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Prominent retail investment in bustling bulky goods destination

Gross Waddell ICR, with Urbis acting as Transaction Manager, is pleased to offer this prime showroom investment located within one of Victoria’s biggest large format retail precincts featuring significant exposure to 18,000^ cars passing daily and surrounded by premium retail brands.

Key Features:

• Significant income profile generating $280, 984* p.a. net + GST

• Secure 7 year lease with 7 year option (Commenced 1 May 2022)

• Strong annual 3% increases with market review at option

• Securely leased to Gatsby Living who has 3 locations across Melbourne

• High profile showroom comprising of 1,240sqm* with rear RSD access and ample surrounding carparking

• Located in one of Australia’s fastest growing regions with huge population growth forecasted

• Neighbouring a plethora of nationally recognised brands inlcuding Bunnings, Forty Winks, JB Hi-Fi, Mitre 10, BCF plus many more

For Sale via Expressions of Interest, Closing Thursday 5th October at 3pm.

For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*Approx

^ Source: bigbuild.vic.gov.au

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

Showroom 6, 269-281 Old Geelong Road Investment Summary

Property Type
Retail, Other
Sub-type
Mixed Use
Est. Income
$280,984 p/a
Tenant
Gatsby Living
Terms
Secure 7 year lease with 7 year option (Commenced 1 May 2022)
Floor Area
1240 m² (*approx)
Selling Method
EOI
Auction Date
5 Oct 2023 03:00PM
Add to calendar
Selling Details
Contact Agent

Investment Highlights

Prominent retail investment in bustling bulky goods destination

Gross Waddell ICR, with Urbis acting as Transaction Manager, is pleased to offer this prime showroom investment located within one of Victoria’s biggest large format retail precincts featuring significant exposure to 18,000^ cars passing daily and surrounded by premium retail brands.

Key Features:

• Significant income profile generating $280, 984* p.a. net + GST

• Secure 7 year lease with 7 year option (Commenced 1 May 2022)

• Strong annual 3% increases with market review at option

• Securely leased to Gatsby Living who has 3 locations across Melbourne

• High profile showroom comprising of 1,240sqm* with rear RSD access and ample surrounding carparking

• Located in one of Australia’s fastest growing regions with huge population growth forecasted

• Neighbouring a plethora of nationally recognised brands inlcuding Bunnings, Forty Winks, JB Hi-Fi, Mitre 10, BCF plus many more

For Sale via Expressions of Interest, Closing Thursday 5th October at 3pm.

For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*Approx

^ Source: bigbuild.vic.gov.au

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

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Property Location of Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029

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Showroom 6, 269-281 Old Geelong Road, Hoppers Crossing, VIC, 3029 Hoppers Crossing
Gross Waddell ICR
Gross Waddell ICR
Level 1, 30 Collins Street Melbourne VIC 3000
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