219 South Gippsland Highway Cranbourne VIC 3977

Take advantage of this substantial landholding opportunity with a strong income.

Facey Property is proud to offer this property for sale by Expression of Interest closing Tuesday 10 September at 4pm (if not sold prior).

This substantial 4,048m² landholding provides nearly 70 metres of frontage (69.58m) to the major road, South Gippsland Highway.

Renewed lease to long-term tenant 'Cranbourne Pre-Mix & Garden Supplies' 5x5x5-year term commenced 01/07/2024, returning $235,810pa plus GST and outgoings with strong 5% annual reviews.

Set in Activity Centre Zone 1 zoning, the property boasts flexible long-term redevelopment opportunities. These include retail, office, medical, hospitality or warehousing (up to 20 metres in height), subject to council approval (STCA).

The site is also adjacent to Cranbourne Train Station, with direct public transport links.

Enquire at www.faceyproperty.com.au to make your next move.