This article is from the Australian Property Journal archive
A PREVIEW of rural and commercial property investment opportunities available across Australia.
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Rural
Boosey, VIC
An irrigated grazing property at 1998 Katamatite-Yarrawonga Road with two tenanted homes has hit the market, via private sale at $2.29 million.
The property spans 128-hectares, or 316-acres held as a single title, and is subdivided into ten main paddocks with a number of smaller utility holdings, including several that allow strip grazing.
The main Murray River supply channel runs along the eastern side of the holding, with two water delivery shares linked to the property and a ten megalitre capacity catchment and irrigation run off collection dam.
There is also an equipped unmetered stock & domestic bore which supplies stock, domestic and garden needs for the two established homes on the property.
The homes are tenanted and provide a combined total of just of $27,500 in rental returns per annum.
Dave Colvin from the Wangaratta office of Elders Real Estate is managing the private sale.
Cheltenham, VIC
A leased office investment in Cheltenham is being offered for sale via a by liquidator’s expression of interest, with expectations exceeding $500,000.
Located at Office 1, 9 Chesterville Road, around 18km south-east of the Melbourne CBD, the space spans a NLA of 118sqm, with a kitchenette and five car spaces.
The tenancy at the property expires on 30 June 2025 with a 2-year option term and is occupied by not-for-profit OCTEC Employment Service, who are largely government funded and boast270 locations,
The lease returns a current rental of $41,555 per annum + GST and outgoings.
Grant Sutherland of Sutherland Farrelly has been appointed to manage the sale, with the expressions of interest closing 29 November.
“The property is likely to attract strong investor interest, noting the long standing nature of the tenant, outstanding location, strong return and generous yield,” said Sutherland.
Frankston, VIC
A double fronted development site within the Frankston Metropolitan Activity Centre precinct is up for grabs at 5-7 Keys Street.
The Commercial 1 zoned property spans a 394sqm corner directly opposite Bayside Shopping Centre and within walking distance of Frankston Beach and Train Station.
There is currently a single-level building on the site, but the property offers extensive development outcomes with a preferred building height of 41m and potential bay views.
Cameron Zamora and Tanya Su from Savills have been appointed to managed the sale of the development site via an expressions of interest campaign, which is due to close on 29 November.
