Hastings 4 Wallaroo Place

Parkland views, bay side township, the perfect sea change or investment,. An allotment set in the iconic township of Hastings, operating as a local Milk Bar under lease making it a worthy consideration for any investor.
The Milk Bar has successfully serviced the local community since 2020 with the operators recently endorsing a further 3-year option on their lease, with an additional 4 years available. The property consists of the retail floor space with cool room and storage area all interconnected to a 3 bed 1 bathroom, home (2 separate toilets) at the rear of the building on approximately 1080m2 of land.
Wallaroo primary school is close by while Western Port Secondary College is within easy reach. The community boast many sporting facilities including tennis courts, a bowling club and sports ovals. While Hasting's jetty is popular for sightseeing and fishing
Hastings sits the western shores of Western Port Bay opposite French Island. An attractive township with a modern commercial centre, with a well-established community that extends along the shores of the bay. The township attracts many daily and short-stay tourists all year round who come to enjoy nature walks along the bay, water sports and more.
The area is also home to some heavy industries like BlueScope Steel, an Esso-BHP refinery and a naval facility HMAS Cerberus a short distance away.

Property Features:
Lot size 1080sqm (irregular shape) Milk Bar with connected 3 bedrooms, 1 Bath, 2 WC, 2 CarsLeased area 285m2 approx. Currently tenantedLease, renewed 15 Dec 2023; term 3 years (additional 4-year term available)Rental Return: $ 3,449.10pcm including GST, Plus outgoingsLocation: Mornington Peninsula Zoning: General Residential Zone 1School nearby

Property Features

• Air Conditioning
• Garages 2