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267-273 Settlement Rd 28,815 SF 100% Leased Retail Building Thomastown, VIC 3074 For Sale
Investment Highlights
- Prominent location in the Thomastown industrial and retail district with direct access to major arterial links.
- Functional improvements include office areas, showroom, workshop, and high-clearance warehouse space.
- Exposure along Settlement Road ensures strong branding and visibility for occupying businesses.
- Multiple occupancy configuration currently generating strong annual income with potential uplift.
- Large land parcel of approximately 3,872 sqm supports operational capability and future optimization potential.
Executive Summary
An exceptional multi-tenanted investment opportunity in Thomastown offering a well-maintained facility on a substantial landholding of approximately 3,872 sqm. The improvements provide flexibility for a range of long and short-term occupiers, ensuring strong leasing fundamentals. The property incorporates a total building area of approximately 2,677 sqm with established showroom, warehouse, and office components.
Current tenancies return approximately $406,051 per annum gross plus GST, offering secure income with potential for rental growth. Positioned within Melbourne’s established northern industrial precinct, the site benefits from convenient access to major transport routes including the Metropolitan Ring Road, Dalton Road, and nearby High Street. The property’s close proximity to Melbourne CBD and arterial corridors enhances its long-term appeal for investors seeking income stability with add-value potential through active management or future development (STCA).
Current tenancies return approximately $406,051 per annum gross plus GST, offering secure income with potential for rental growth. Positioned within Melbourne’s established northern industrial precinct, the site benefits from convenient access to major transport routes including the Metropolitan Ring Road, Dalton Road, and nearby High Street. The property’s close proximity to Melbourne CBD and arterial corridors enhances its long-term appeal for investors seeking income stability with add-value potential through active management or future development (STCA).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
28,815 SF
Building Class
C
NOI
$285,178
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.96 AC
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267-273 Settlement Rd
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