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Burgess Rawson - Melbourne

NAB, 52 High Street Hastings, VIC 3915

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NAB, 52 High Street,
Hastings, VIC 3915

Shops & Retail • Offices • Medical & Consulting

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Map of NAB, 52 High Street

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Trophy Freehold Between Coles and Woolworths on Hastings #1 Retail Strip

  • 445sqm* site on main retail strip
  • Immaculate 402sqm* freehold building
  • Direct exposure to 250+ car parks
Burgess Rawson and Century 21 are pleased to offer to the market the NAB, Hastings VIC for sale via Investment Portfolio Auction 157.

The property has the following investment highlights:

+High profile 445sqm* Commercial 1 Zone site with important dual frontage and side pedestrian lane access.
+Trophy 402sqm* freehold building on main retail strip with direct exposure to 250+ council car parks at rear.
+Desirable retail position between Coles and Woolworths and nearby Kmart, ALDI and Ritchies IGA.
+NAB must convert building back to 5 individual tenancies at their cost.
+Leased to NAB, ASX listed giant with current $99.31 Billion market cap (as at 9 November).
+Fixed 3% annual rent increases assuring growth.
+NAB pay all usual outgoings including land tax as per lease.
+Hastings: commercial capital of Western Port, only 58km from Melbourne CBD.
+Net Income: $101,295 pa* plus GST (as at February 2023)

*Approx

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne

Property ID: 504200472Last Updated: 7 Feb 2024

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
NAB, 52 High Street
Hastings, VIC 3915
Century 21 Home Port - Hastings
2100 Frankston Flinders Road
HASTINGS, VIC 3915
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