LOT 1 & 2, 52-64 OLD GEELONG ROAD, HOPPERS CROSSING
OFF-MARKET SALE
LOT 1 & 2, 52-64 OLD GEELONG ROAD, HOPPERS CROSSING
Excellent exposure and one enormous commercial package make up a flagship western investment only heading north in value. Rubbing shoulders with the best in retail, this is an opportunity to secure the stage in front of Old Geelong Road, Princes Highway, and the Werribee railway line.
A name synonymous with premium retail bulky goods (including auto dealers and homemaking), Old Geelong Road is undoubtedly the Golden Mile of the West. Your neighbours here include Australian retail titans like Coles, Woolworths and many more. Beyond the literal one found here, the main road address shines a frontage spotlight on this lot that translates to explicit exposure.
Moreover, the Hoppers Crossing rail line is located at the rear and transports Werribee line commuters right past this site
Technically classified as a major activity centre, Wyndham City Council’s 2016 Activities Centre Strategy report states that this hub could convert to commercial 1 zoning anticipating a more intensive multi level development.
POINT OF VIEW:
Whether you’re an investor looking for future-proofed income streams, or a developer wanting a significant land bank with time to get your ducks in a row — this is as lucrative as commercial property gets.
Lot 1 Total building area: 2,687 sqm*
Lot 2 Total building area: 2,120 sqm*
Total land area: 12,162 sqm*
300 m* from the Princes Highway
420 m* to Hoppers Crossing Station
Total net income fully let $1,347,392.83
CHARLES CINI
OFF-MARKET SALE
Eight (8) years
Two (2) further terms of eight (8) years each 21 October 2023
Annual CPI capped at 3% plus fixed 5% upon each renewal
Payable by Tenant as per lease excluding land tax
Refer to Tenancy Schedule attached
$889,175.00 (on fully let basis)
Approximate net rental $837,656.83
$1,347,392.83
$10,200,000.00 $15,950,000.00 $26,150,000.00
APPENDICES
TENANCY SCHEDULE - LOT 2
WALE CALCULATION
CURRENT LOT PLAN LOT 1 & 2
PLAN OF SUBDIVISION
PROPOSED PLAN OF SUBDIVISION LOT 2
PLANOFSUBDIVISION
LOCATIONOFLAND
PARISH:
TOWNSHIP:
SECTION:
CROWNALLOTMENT:
CROWNPORTION:
TITLEREFERENCE:
LASTPLANREFERENCE:
POSTALADDRESS: (Attimeofsubdivision)
MGA2020Co-ordinates (Ofapprox.centreoflandinplan)
VOL.10576FOL.966
LOTS2ONPS442048E
52-64OLDGEELONGROAD, HOPPERSCROSSING3029
E298225ZONE55 N5804925
VESTINGOFROADSAND/ORRESERVES
IDENTIFIER COUNCIL/BODY/PERSON
NOTATIONS
DEPTHLIMITATION:15metresappliestoCrownAllotment15only.
SURVEY
Thisplanisbasedonsurvey.
STAGING
Thisisastagedsubdivision.
PlanningPermitNo.
ThissurveyhasbeenconnectedtoTARNEITPM13
InProclaimedSurveyAreaNo.-
LOTSINTHISPLANMAYBEAFFECTEDBYONEORMORE OWNERSCORPORATIONS. FordetailsofOwnersCorporation(s)includingpurpose,responsibility,entitlement &liability,seeOwnersCorporationsearchreport,OwnersCorporationadditional information&ifapplicableOWNERSCORPORATIONRULES
EASEMENT REFERENCE
NOTATIONS
Boundariesshownbythickcontinuouslinesaredefinedbybuildings.
LOCATIONOFBOUNDARIESDEFINEDBYBUILDINGS
Median:Boundariesshownmarked InteriorFace:Boundariesshownmarked ExteriorFace:Allotherboundaries. -CommonProperty.
NoEasementinthisstageislabeledE-2,E-3
CommonPropertyNo.1isallthelandintheplanexceptthelots,CommonPropertyNo.2& CommonPropertyNo.3
ALLINTERNALCOLUMNS,SERVICEDUCTS,PIPESHAFTSANDCABLEDUCTSWITHINTHE BUILDINGAREDEEMEDTOBEPARTOFCOMMONPROPERTYNO.2THEPOSITIONSOFTHESE COLUMNS,SERVICEDUCTS,PIPESHAFTSANDCABLEDUCTSMAYNOTHAVEBEENSHOWN ONTHEDIAGRAMSCONTAINEDWITHIN.
EASEMENTINFORMATION
LEGEND A-APPURTENANTEASEMENT E-ENCUMBERINGEASEMENT R-ENCUMBERINGEASEMENT(ROAD)
SECTION12(2)OFTHESUBDIVISIONACT1988APPLIESTOALLTHELANDINTHISPLAN.
C/EM557047E
PS416641R
PS442048E
PS442048E
PS442048E
LANDINC/TVOL.9710FOL.201 CITYWESTWATERLIMITED LOTS2ONPS442048E
LOT1ONPS442048E
LOT1ONPS442048E
ORIGINALSHEET SIZE:A3
TARNEIT
OWNERS CORPORATION SCHEDULE
PS442048E OWNERS CORPORATION SCHEDULE
ELEVATIONS & SITE PLAN
NORTH WEST ELEVATION
