Three freeholds offered separately or as one.

GrayJohnson, in conjunction with CBRE, is pleased to present for sale by Expressions of Interest, these three substantial properties with a total land area of 3.41 hectares*. The adjacent sites are located in a precinct nominated as a State significant industrial area#, presenting an outstanding opportunity for renewal.

Combined, the properties present a massive 255-metre* frontage to Settlement Road, with a second expansive frontage to Wood Street of 76 metres*. Existing leases provide a sizeable passing income while planning permission is sought.

Key Highlights:
> Combined land area: 3.41 hectares*
> Two significant street frontages (Wood St & Settlement Rd)
> Huge development potential^
> Can be purchased individually or together

26 Wood Street
• Land area: 2.491 hectares*
• Two expansive street frontages
• Two commercial tenants – short term leases
• Income: $155,224 pa gross*

261 Settlement Road
• Land area: 5,376 sqm*
• Stand-alone restaurant premises: 695 sqm*
• Abundant car parking for 125 cars*
• Current rental $178,564 p.a. plus GST and outgoings*

267-273 Settlement Road
• Land area 3,872 sqm*
• Quality improvements provide long and short-term flexibility
• Building area 2,677 sqm*
• Multiple tenancies returning $406,051 p.a. gross plus GST*

With a favourable Commercial 2 zoning, these properties offer broad options to a developer, new owner occupier or investor^.

This strategic location is surrounded by high-profile occupants, including Bunnings, Harvey Norman, Repco, JB Hi-Fi, Good Guys and many more.

Excellent access to major arterials including the Metropolitan Ring Road (M80) and Hume Freeway (M1).

*approx.
^STPA
#Source: Dept of Transport and Planning 2025.
Note: All stated measurements and boundary outlines are approximate.