152 High Street, Hastings VIC 3915

Retail

Highly Desireable Essential Service Investment

Lemon Baxter and Cameron are pleased to present 152 High Street, Hastings for private sale.

Investment Highlights:
| Landmark 3,281 sqm* prime landholding on the corner of High Street and Frankston – Flinders Road, with corner site frontage 113.9m*.
| Approved permit to operate 24/7 unlocks increased sales throughout the day and night. This caters to late-night drivers and off-peak hours.
| Brand new 5-year lease from 1 September 2024 with two further terms of 5-years
| Initial rent $305,000* per annum plus GST and outgoings, with annual CPI review
| Commercial 2 Zone intended for offices, manufacturing, industries, bulky goods retailing, retail uses, and associated business and commercial services.
| Public transport connectivity, 500m* from Hastings Train Station.
| The Mornington Peninsula region is a popular tourist destination, providing potential customer traffic for businesses in the area.
| Situated along a major thoroughfare, providing good visibility and accessibility with annual average daily traffic (AADT) of 3,900 along High Street and 8,100 along Frankston – Flinders Road.

152 High Street provides investors with the security of a reliable income stream along with the exciting possibility of long-term capital appreciation.

For further details regarding this exceptional investment opportunity, please contact the selling agents below.

LEMON BAXTER REAL ESTATE
| Paul O’Sullivan – 0412 410 366
| David Turner – 0409 380 349

CAMERON REAL ESTATE
| Ed Cooper – 0410 529 921
| Ben Cooper – 0425 767 677

*Approximately

Property Highlights
Highlight 1

Tenant - Shell Coles Express

Highlight 2

Rental $305,000* net per annum

Highlight 3

New 5-Year Lease Commencing 1/9/24

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