SOLD | $3,500,000

256 Settlement Road, Thomastown VIC, Australia
  • Address: 256 Settlement Road Thomastown VIC 3074
  • Land Area: 5191 sqm*
  • Floor Area: 2994 sqm*
  • Property type: Factory & Industrial • Other • Showrooms & Bulky Goods
  • Offer type: Transactions
  • City: Thomastown
  • Post Code: 3074

Overview

HIGH PROFILE & VERSATILE ASSET SUITING INVESTORS AND OWNER OCCUPIERS ALIKE

Jones Real Estate in conjunction with Leedwell Property are pleased to offer for your consideration an outstanding opportunity located at 256 Settlement Road, Thomastown.

For Sale via Expressions of Interest closing Wednesday 21st April 2021 at 12pm.

The property is positioned at the Gateway to Melbourne’s booming northern commercial & industrial estates, on one of the finest showroom / bulky good strips in Victoria, Australia. The property features immediate access to the Metropolitan (M80) Ring Road, Dalton Road, High St, Plenty Road and is within circa 15km to Melbourne’s International Airport and CBD.

Key features of this high quality & versatile asset include;

  •  Significant and expansive landholding of 5,191sqm* with 76 metres* of frontage to Settlement Road with approximately 20,000 cars passing daily
  • Total gross floor area of 2,994sqm* separated into two (2) individual tenancies
  • Tenancy One = 1,756sqm* opportunity that is presently vacant and has the potential to secure $175,200 per annum plus GST & Outgoings^ in income.
  • Tenancy Two = 1,010sqm*securely leased to “Society of St. Vincent De Paul” returning $105,000 per annum plus GST & Outgoings
  • Fully leased rental income of $280,200 per annum plus GST & Outgoings^
  • The flexibility in the offering and price point suits Owner Occupiers, Passive Investors, Value Add Investors and Developers (Land Bankers)
  • Onsite car parking for 51 vehicles on title
  • Side loading driveway with Roller Shutter Door access
  • Separate Male & Female amenities
  • Industrial 1 Zoning (INZ1)

For further information or to arrange an inspection, please contact Jones Real Estate’s and Leedwell Property exclusive agents.

Sam Guest
+61 458 467 482
Sam.Guest@Jonesre.com.au

Tim Spargo
+61 402 747 030
Tim.Spargo@Jonesre.com.au

Nick Segran
+61 452 020 190
Nick.Segran@leedwell.com.au

Renee Ferraro
+61 490 865 820
Renee.Ferraro@leedwell.com.au

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