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60 Kangan Drive, BERWICK VIC 3806 SALE

THE LAST REMAINING SITE WITHIN BERWICK’S HEALTH & EDUCATION PRECINCT
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Price
Contact Agent
Building Area
950 sqm
Land Area
5,000 sqm
  • 5,000 sqm of Underdeveloped Land
  • Excellent Short-Term Holding Income
  • Strategic & Tightly Held Location

Description

Gorman Commercial as exclusive agents are pleased to offer 60 Kangan Drive, Berwick for Private Sale.

 with exceptional holding income provides buyers with a multitude of options to make their mark within the epicentre of Berwick’s health, education, retail and showroom location.

The key highlights of the property are:

- Highly strategic site with 5,000 sqm of land allowing for a variety of end users and development outcomes (STCA)
- Excellent short-term holding income of $351,260 pa + GST + outgoings
- Current lease expires July 2028 offering huge scope for future owner occupiers, developers or landbank investors
- Versatile zoning with potential for several future uses including Medical, Aged Care, Education, Self-storage and large format retail (STCA)
- Situated within the heart of Berwick’s health & educational hub, underpinned by Monash Health Casey Hospital, St John of God Hospital, Casey Allied Health, Epworth, Chisholm Berwick, Casey Tech, Federation University and Haileybury College
- Extremely under-developed site with a very low site coverage of approximately 20% and 75 on-site car spaces
- Surrounded by high-quality national tenants such as Hyundai, Zeekr, Volvo, Kia, Nissan plus many more
- The site is within close proximity to Berwick’s retail village, which is supported by major anchor tenants, Coles, Woolworths, and Dan Murphy’s
- Well located and within immediate access to major arterial routes such as Princes Freeway/M1, Princes Hwy, Clyde Road and is walking distance to Berwick train station

LOCATION