1-3/19 Mackey Street Longwarry VIC 3816

Harcourts Warragul are delighted to present 19 Mackey Street Longwarry For Sale.

An outstanding opportunity to secure a fully tenanted commercial asset featuring three established tenancies, ensuring a steady income stream. Perfectly positioned for long term growth, as well as potential depreciation benefits, this asset is a must see for savvy investors.

The property is situated on on a 1,027sqm (approx) Commercial 1 Zoned allotment. The front building, constructed approximately eight years ago, comprises two individual tenancies. The rear building is the original structure, adding further versatility to the site. Additionally, the property includes 13 on site car spaces.

Tenancy 1:
- Currently leased for $22,000.00 per annum for 2 years from 24 August 2024
- 1 further term of 3 years
- Tenant pays all building outgoings
- Building area of 106m2*

Tenancy 2:
- Currently leased for $24,825.12 per annum for 3 years from 15 November 2022
- 1 further term of 3 years
- Tenant pays all building outgoings
- Building area of 126m2*

Tenancy 3:
- Currently leased for $22,618.44 per annum for 3 years from 15 November 2022
- 1 further term of 3 years
- Tenant pays all building outgoings
- Building area of 132m2*

Total return: $69,443.56 per annum + GST + outgoings.

Longwarry is a rapidly growing township strategically positioned approximately 83 kilometers southeast of Melbourne. Nestled within the Baw Baw Shire, Longwarry is an increasingly attractive hub for businesses looking to capitalize on the region's expansion. With direct access to the Princes Freeway and railway line, the town provides seamless transport links to Melbourne as well as greater Gippsland.

The Baw Baw Shire is experiencing significant population and economic growth, with forecasts predicting an increase from 63,723 in 2025 to over 93,000 by 2046. Longwarry itself has seen a steady rise in population and infrastructure development, fueling demand for local services, retail, and industrial ventures.

*denotes approximate

For further information or to book an inspection, please contact Marino Perioris on 0476 808 845 / marino.perioris@harcourts.com.au