Share this property

realcommercial.com.au
Jones Real Estate - Australia

256 Settlement Road Thomastown, VIC 3074

Directions

256 Settlement Road,
Thomastown, VIC 3074

Warehouse, Factory & Industrial • Showrooms & Large Format Retail

Price information

Sold

$3,500,000

Key property information

Land area

Floor area

Car spaces

Tenure type

Sold on

Jones Real Estate - Australia
Tim Spargo
Sam Guest

Jones Real Estate - Australia

Level 8, 1 Elizabeth Street
MELBOURNE, VIC 3000
Jones Real Estate - Australia
256 Settlement Road
Thomastown, VIC 3074

Map of 256 Settlement Road

Directions

HIGH PROFILE & VERSATILE ASSET SUITING INVESTORS AND OWNER OCCUPIERS ALIKE

  • SUBSTANTIAL LAND HOLDING OF 5,191SQM*
  • FULLY LEASED INCOME OF $280,200*
  • SUITING INVESTORS & OWNER OCCUPIERS!
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)

This outstanding showroom / industrial opportunity is For Sale Via Expression of Interest, closing Wednesday 21st of April at 12pm.

For further information or to arrange an inspection, please contact the exclusive selling agents – Jones Real Estate & Leedwell Property.

* approx.
^Estimated

Property ID: 503784178Last Updated: 29 Aug 2022

progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.