5-7 Lyall Street, HASTINGS

Commercial Investment With Subdivision Potential

  • 30 Car
  • A rare commercial opportunity to purchase 3 large warehouses on a substantial holding of land (approx 1 acre) in Hastings

    Situated in a busy industrial pocket, close to town and to freeways in the South East corridor.

    Industrial 3 Zone

    Factory 1- 826m2 returning $54,771.65 per annum + GST + outgoings. 5 year lease commenced August 2016 with 3 x 3 year options. 4% fixed increases.

    Factory 2- 516m2 returning $30,000 per annum + GST + outgoings. 2 year lease commenced September 2017 with 1x 2 year option.

    Factory 3- 516m2 Vacant for owner occupation or lease out for further investment returns. Side yard for use with this factory.

    These factories are are high quality build with substantial power to the site. They include 2 story offices (or large office building for factory 1) All factories have 10+ 3 phase outlets throughout.

    There is subdivision potential with a previous planning permit granted. Vendor did not proceed as they decided to retain as a single title investment. Documentation available on request.

Price Guide

$1,950,000

Land Size

4027 m2  (Approx)

Listing Agents

Dominic Tallon

Dominic Tallon

Mobile: 0408 528 857

[email protected] Email

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