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Commercial
Unit 20, 70 Warringa Crescent, Hoppers Crossing, VIC, 3029

Property details

  • Property ID:
    24440
  • Private Sale:
  • Area:
    2273 m2 (*approx)
  • Type:

    Commercial:

  • Development Potential:
    Commercial development Opportunity (STCA)
Agency information

Overview

FOODWORKS ANCHORED RETAIL WITH SIGNIFICANT VALUE-ADD

** OFFERS UNDER REVIEW **

• Prized retail freehold
• Partly leased by Foodworks
• Significant value-add

Gross Waddell is delighted to offer for your consideration this retail investment and value-add opportunity within the Woodville Park Shopping Centre.  Woodville Park Shopping Centre is a neighbourhood shopping centre boasting 20 specialty shops, all individually titled.

·       This sprawling retail freehold consists of 2,273 sqm* of building area

·       Anchored by Foodworks which occupies 462 sqm* with the balance offered vacant possession

·       Initial plans to create a further 6 specialty shops within the building envelop or occupy/ lease the balance as one

·       Potential fully let rental in excess of $415,000* per annum

·       New 5 year lease to Foodworks commencing November 2019

·       Versatile offering with scope to value- add, strata sell down or future development opportunity (STCA)

·       Merely minutes to both Werribee Plaza and Hoppers Crossing retail precinct

·       Idyllic family precinct with Warringa Park School, Woodville Primary and a number of parks within 100-200 m of the property

·       Short stroll to Hoppers Crossing train station, universities and hospital precinct

 

The property is for sale via Deadline Private Sale closing at 3:00pm (AEST) on Thursday 25th June 2020 (unless sold prior). To obtain further information or inspect the property, please contact Gross Waddell directly.


*Approx.

Remember to mention you found this property on DevelopmentReady.com.au

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