1 & 2, 415-417 Old Geelong Road, Hoppers Crossing, VIC 3029

Industrial | Showrooms | Development/Land

For Sale

  • Property ID: 441334
  • Floor Area: 1193m²
  • Land Area: 3623m²
  • Occupancy: Tenanted
SIGNAGE AS MONUMENTAL AS THE LOCATION.

POINT OF INTEREST:

A massive land opportunity crossed with two long-standing tenancies; this is an investment taking you from the commercial big leagues to premiership portfolios. Sitting amongst the Hoppers Crossing retail precinct, there are two sizeable units amongst the 3,623 sqm* of land on offer here, both happily occupied (and paying like it). Points of difference come naturally here, for one; there are ample car spaces and a hardstand on the title. Second, the 29 m* frontage to Old Geelong Road acts as your high-performing billboard. Secure tenancies aside, an astute developer will notice the future potential for major development too thanks to the monumental land size, main road exposure, and excellent accessibility. The big-name retailers set up shop here long ago and draw in plenty of customers because of it, titans like Chemist Warehouse, Harvey Norman, Petstock, Bunnings, and National Tiles. And when you’re under a kilometre from the Princes Freeway (and therefore 40 minutes from the CBD), there’s no better western position than right here.

- $194,627.17 in combined annual rental income.
- Unit 1: 480 sqm* building area.
- Unit 2: 713 sqm* building area.
- 1,193 sqm* in total building area.
- 3,623 sqm* in total land area.
- Industrial 1 zoning.
- 29 m* frontage to Old Geelong Road where approx. 29,000* vehicles pass daily.
- Ample car parking with a hardstand amongst two buildings.
- Unit 1 includes an overhead gantry crane of 3.2 tonne capacity.
- 700 m* to Princes Freeway.

POINT OF VIEW:

Buildings can be gutted, reshuffled, and upgraded. They can’t be moved to a better location. Particularly one that sits proudly on a western arterial where customers pull in and commuters take notice. The point: this is an investment of epic proportions.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to a lease
  • Car Spaces: Ample
  • Condition: Good
  • Air Conditioning: In offices
  • Floors: Concrete
  • Height: 6-7 metres
  • Age: 20 years +
Hoppers Crossing Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $3148 $151 4.81%
Offices --- $399 ---
Retail $3862 $399 10.34%
This is the average advertised price, rent and yield for Hoppers Crossing, VIC 3029*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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