366-372 High Street Kangaroo Flat VIC 3555

Located on the bustling High Street Kangaroo Flat, this substantial site has excellent passing income and long term development potential (STCA) suitable for the passive investor &/or longer term developer.

The 11,200m2 Residential Zoned site is well located, neighboring Harvey Norman, with approx 70m frontage to an access road fronting High Street. With a newly exercised leasing option of 3 years to ASX listed Catalyst Metals Ltd, the property generates an excellent and stable rental return of circa $92k per annum.

The site is split across two adjoining parcels of land. The front parcel includes a well presented office, staff amenities and shedding with a significant hardstand, while the rear section has excellent shedding with a mezzanine, office, basic amenities and another larger hardstand area.

This is a rare opportunity to secure a highly desirable site, with an excellent immediate return and longer term development potential (STCA).

Shed 1 (500m2*) - Office, workshop and amenities

Shed 2 (300m2*) - Workshop, mezzanine and office

KEY FEATURES:

- Significant parcel of land in high profile location

- Excellent rental return to ASX listed tenant

- Large developable parcel (STCA)

- Well presented office, shedding, amenities and significant hardstand

- General Residential Zoning