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 returning $30,000 per annum + GST + outgoings. 1 year lease with 2x 2 year options. Commenced Feb 2018

    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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