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SOLD

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

Properties / Sold / Victoria / Hoppers Crossing

Tenanted Investment

1. Property Summary

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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2. Property 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

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

2. Property Highlights

Prominent retail investment in bustling bulky goods destination

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

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

Gross Waddell ICR

Level 1, 30 Collins Street Melbourne VIC 3000

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Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

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