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219 South Gippsland Highway, Cranbourne, VIC 3977

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SOLD

219 South Gippsland Highway, Cranbourne, VIC 3977

Properties / Sold / Victoria / Cranbourne

Development Potential

1. Property Summary

Property Type

Commercial, Child/Healthcare, Industrial

Sub Type

Office, Medical

Land Area

4,048 m² (*approx)

Zoning

Activity Centre (ACZ)

Local Government

CASEY

Selling Method

EOI: Contact Agent

EOI Closing Date

10 Sep 2024 04:00PM

Add to calendar

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2. Property Highlights

Invest in this booming location

Renewed 5 Year Lease - Business as usual
Proven long term tenant
Highway frontage

Take advantage of this substantial landholding opportunity with a strong income.

Facey Property is proud to offer this property for sale by Expression of Interest.

This substantial 4,048m² landholding provides nearly 70 metres of frontage (69.58m) to the major road, South Gippsland Highway.

Renewed lease to long-term tenant 'Cranbourne Pre-Mix & Garden Supplies' 5x5x5-year term commenced 01/07/2024, returning $235,810pa plus GST and outgoings with strong 5% annual reviews.

Set in Activity Centre Zone 1 zoning, the property boasts flexible long-term redevelopment opportunities. These include retail, office, medical, hospitality or warehousing (up to 20 metres in height), subject to council approval (STCA).

The site is also adjacent to Cranbourne Train Station, with direct public transport links.

Enquire at www.faceyproperty.com.au to make your next move.

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Commercial, Child/Healthcare, Industrial

Sub-type

Office, Medical

Land Area

4,048 m² (*approx)

Zoning

Sourced by DistrictData

Activity Centre (ACZ)

Local Government

Sourced by DistrictData

CASEY

Selling method

EOI: Contact Agent

EOI Closing Date

10 Sep 2024 04:00PM

Add to calendar

2. Property Highlights

Invest in this booming location

Renewed 5 Year Lease - Business as usual
Proven long term tenant
Highway frontage

Take advantage of this substantial landholding opportunity with a strong income.

Facey Property is proud to offer this property for sale by Expression of Interest.

This substantial 4,048m² landholding provides nearly 70 metres of frontage (69.58m) to the major road, South Gippsland Highway.

Renewed lease to long-term tenant 'Cranbourne Pre-Mix & Garden Supplies' 5x5x5-year term commenced 01/07/2024, returning $235,810pa plus GST and outgoings with strong 5% annual reviews.

The site is also adjacent to Cranbourne Train Station, with direct public transport links.

Enquire at www.faceyproperty.com.au to make your next move.

Remember to mention you found this property on DevelopmentReady

Development Potential