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860 Hopkins Highway, Grassmere

Rare Freehold Investment/Development Opportunity

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)

For Sale by Expressions of Interest closing 19/08/2021 5pm
Inspection by appointment only, please contact selling agent
Christine Steere 0409906223
First National Real Estate Warrnambool

Rare Freehold Investment/Development Opportunity

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)

For Sale by Expressions of Interest closing 19/08/2021 5pm
Inspection by appointment only, please contact selling agent
Christine Steere 0409906223
First National Real Estate Warrnambool

Location

860 Hopkins Highway, Grassmere

Expressions of Interest

Expressions Of Interest Closing 19 Aug 2021 5pm

Property Type

Retail

Land Size

3900m2

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