Burgess Rawson and Century 21 are pleased to offer to the market the NAB, Hastings VIC for sale via Investment Portfolio Auction 157.

The property has the following investment highlights:

+High profile 445sqm* Commercial 1 Zone site with important dual frontage and side pedestrian lane access.
+Trophy 402sqm* freehold building on main retail strip with direct exposure to 250+ council car parks at rear.
+Desirable retail position between Coles and Woolworths and nearby Kmart, ALDI and Ritchies IGA.
+NAB must convert building back to 5 individual tenancies at their cost.
+Leased to NAB, ASX listed giant with current $99.31 Billion market cap (as at 9 November).
+Fixed 3% annual rent increases assuring growth.
+NAB pay all usual outgoings including land tax as per lease.
+Hastings: commercial capital of Western Port, only 58km from Melbourne CBD.
+Net Income: $101,295 pa* plus GST (as at February 2023)

*Approx

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne