Darcy Jarman, together with McCartney Real Estate, is delighted to present 16-18 Capital Drive, Grovedale, for sale. This secure investment offers significant rental growth potential in the tightly held Grovedale commercial precinct.

The property is leased to Coast 2 Coast Plaster Supplies, a highly successful building materials supplier specialising in plasterboard and internal linings. It features a new three-year lease with attractive annual rent increases, with the tenant paying all outgoings including Land Tax.

Situated in the rapidly growing and vibrant Grovedale area, this exceptional asset is an ideal addition to any investor’s portfolio, offering genuine value-add growth opportunities.

Key Property Features:
• Securely leased investment to an established and successful building materials supplier
• Sizeable warehouse / showroom of 724m2* with ample concrete hardstand
• New 3-year lease (1 Feb 25) with options to 2034
• Income: $94,415* pa net, with tenant paying all outgoings including Land Tax
• Prime 1,419sqm* landholding with 30m* frontage
• Onsite parking for 8 + vehicles
• Favourable Commercial 2 zoning
• Potential 50% stamp duty concessions

This prime location provides significant opportunities for growth, with the combination of strategic connectivity and low vacancy rates.

The City of Greater Geelong, Victoria's second-largest city and its most rapidly expanding regional city, is projected to experience a remarkable 47.46% population growth by 2046

To request information or arrange an inspection, please contact the below agents:

Darcy Jarman
Tim Darcy + 61 418 522 523
Andrew Prowse +61 418 534 076

McCartney Real Estate
Tim Carson + 61 434 690 930

*approx.