Commanding Corner Investment

14-16, Westernport Road, LANG LANG, VIC, 3984

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265.00 m2

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Overview

> Five (5) retail shops plus rear yard
> Leased to Lang Lang Pharmacy, fitness retailer & vitamin store
> Current Rental: $39,631 pa net
> Estimated fully-let income: $55,000 pa net
> Land area: 711 sqm approx
> Building area: 265 sqm approx
> Commercial 1 Zoning
> Significant development opportunities (STPA)

This is a rare opportunity to acquire a corner freehold investment with multiple tenancies.

The subject property is situated right in the heart of Lang Lang, the gateway to Phillip Island and Gippsland.

The township of Lang Lang, just off the South Gippsland Highway, is located about 76 kms south-east of Central Melbourne. The township is due to increase in population by 43.95% by 2041.

Call GrayJohnson today to have a discussion or to arrange an inspection.

Key Details

Status

Sold

Type

Retail

Contact

Rory White

Associate Director (melbourne)

rwhite@grayjohnson.com.au

0439 655 504

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Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

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To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

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Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

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Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

Edward McDermott

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GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

Matt Marshall

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Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

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I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

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We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

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GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.