26 Wood Street, Thomastown, VIC 3074

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).

EOI close Wednesday 13 May @ 2 pm

*approx.

^STPA

#Source: Dept of Transport and Planning 2025.

Note: All stated measurements and boundary outlines are approximate.

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