40 Victoria Street, HASTINGS VIC 3915 SALE

Gorman Commercial is pleased to present 40 Victoria Street, Hastings for sale by way of Expressions of Interest closing Tuesday 11th August at 2pm.

The property presents an exceptional opportunity to acquire a purpose-built medical freehold investment, underpinned by a long-term lease and an established business.

The Key Highlights are as follows:

+ Purpose-built medical facility comprising 299 sqm* of building area on a substantial 758 sqm Commercial 1 Zoned (C1Z) landholding

+ Securely leased investment with a five (5) year lease commencing December 2023

+ Current Passing Rent of $104,727 pa + GST + Outgoings and due to be increased to $107,869 pa + GST + Outgoings as at December 2026

+ Purpose built and designed medical accommodation featuring six (6) consulting rooms, spacious recreation/gym area, pilates/recovery room, reception and waiting area, treatment facilities, administration offices and staff amenities

+ Excellent customer accessibility with twelve (12) on-grade car parks

+ Strategically positioned within the Hastings commercial centre, surrounded by established retailers including Woolworths, Coles, ALDI, Kmart, pharmacies, banks, cafés and essential community services

+ Excellent public transport connectivity with Hastings Railway Station within walking distance, providing rail services to Frankston via the Stony Point Line, together with regular bus services linking Hastings to Frankston, Mornington and surrounding Peninsula townships. Frankston Station provides direct metropolitan rail access to Melbourne's CBD

+ Positioned within one of Victoria's fastest-growing regional catchments, benefiting from significant population growth, increasing healthcare demand and continued public and private investment throughout the Mornington Peninsula

+ Located within the Hastings Shopping Centre, nearby to the Western Port Marina and the broader precinct, providing for a well connected location and access to a consistent activity centre with strong and diverse local customer base

+ A genuine investment-grade medical asset combining secure income, outstanding annual rental growth, an established healthcare location and valuable underlying landholding

For further information or to arrange an inspection, please contact the exclusive marketing agents:

Nathan May +61 452 210 491

Tom Maule +61 401 636 049

*Approximate