630 Skipton Street,
Redan, VIC 3350

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Map of 630 Skipton Street

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High profile corner allotment on Midland highway

Two street frontages with 40m* of exposu
Over 24,000* vehicles passing each day
Opportunity with further development

Colliers are please to present the former Atlantic Hotel for sale via auction, a high-profile corner allotment with massive exposure to over 24,000* vehicles per day and on a site of 2,216 square metres*. The property has been partially renovated and offers a fantastic value add opportunity to either continue works or develop the large land allotment. Current short term lease in place returning $56,000pa. Also offers potential for medical practice or residential development (STCA).
- Site area of 2,216sqm*
- Partially renovated building of 650sqm*
- Leased to February 2023 returning $56,188pa
- Renovations include residence, commercial kitchen, indoor/outdoor seating areas
- Two street frontages with 40m* of exposure to Midland highway
- Value add opportunity with further development (STCA)
- Over 24,000* vehicles passing each day
- General residential zoning

Please note:
Out of respect for the Queen's passing, we have postponed the public auction until Thursday 6th October at 12pm on-site.

For further information, please contact Colliers agents Charles Kennedy on 0431 914 7... or Bowen Kemp on 0457 239 549.

*Approximately.

Redan, 3350 demographic data

The median household income for Redan is $1,061, 23% lower than Regional Victoria's household income of $1,386. Redan has a younger age profile compared to the rest of Regional Victoria (median age 39 vs 43). Property ownership data shows 47% of property owners in Redan have a mortgage.

3,000

Population

$1,061 per week

Median household income

39 years

Median age

Owners

Most residents

Families

Most households

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