1/28 Victoria StreetHastings VIC 3915
Property Details for 1/28 Victoria St, Hastings
Last Listing description (October 2024)
Harcourts are thrilled to present this opportunity, strategically located in central Hastings. This is an offer that savvy investors and developers simply cannot afford to miss.
Hastings, the commercial capital of Western Port is under 60km from Melbourne's CBD.
With an expansive 1590msq (approx.), working 'as is' as 7 popular shops or great scope for further development. The properties are already generating a substantial income, making it an even more enticing prospect.
- Future development potential
- Perfect investment opportunity
- 7 shops with ample off-street parking to the rear
- 4 established tenants, with room for 1 more
- Mixture of single and dual tenancies
- Great access from 3 sides, adjacent to additional council carparking
Subdivide and sell, redevelop, or simply leave 'as is' and watch the site appreciate.
For more information or to arrange a meeting on site please contact Jason Dowler on 0403 598 754 anytime.
Property History for 1/28 Victoria St, Hastings, VIC 3915
- 26 Jul 2024Sold for $1,400,000
- 17 May 2024Listed for Sale $1,300,000 - $1,430,000
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0About Hastings 3915
The size of Hastings is approximately 26.5 square kilometres. It has 23 parks covering nearly 3.4% of total area. The population of Hastings in 2011 was 8,685 people. By 2016 the population was 9,613 showing a population growth of 10.7% in the area during that time. The predominant age group in Hastings is 0-9 years. Households in Hastings are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hastings work in a trades occupation. In 2011, 58.4% of the homes in Hastings were owner-occupied compared with 58.3% in 2016.
Hastings has 6,241 properties. Over the last 5 years, Houses in Hastings have seen a 32.16% increase in median value, while Units have seen a 24.40% increase. As at 30 September 2024:
- The median value for Houses in Hastings is $641,778 while the median value for Units is $500,421.
- Houses have a median rent of $510 while Units have a median rent of $470.
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