For Sale
DUAL GOLDEN MILE INDUSTRIAL OPPORTUNITY
431-433 Old Geelong Road, Hoppers Crossing VIC 3029
INVESTMENT LEASED TO PETSTOCK + OWNER OCCUPIER UPSIDE
Vinci Carbone is pleased to present Units 1 & 2, 431-433 Old Geelong Road, Hoppers Crossing — a significant dual showroom/warehouse holding within the highly regarded Golden Mile bulky goods precinct.
The property occupies a prominent position on Old Geelong Road, surrounded by leading national retailers and automotive brands including Bunnings, Harvey Norman, Amart, Karcher, Clark Rubber and Chemist Warehouse.
Comprising two single-level showroom/warehouses with a combined building area of 1,920 sqm*, the property is positioned on a substantial 3,716 sqm* landholding with 30.48m* frontage to Old Geelong Road.
Unit 1 is leased to Petstock Pty Ltd, majority owned by Woolworths Group, with a further 3-year term commencing 1 September 2026 at $178,446.48 per annum plus outgoings.
Unit 2 is currently occupied on a monthly overholding tenancy, providing flexibility for owner-occupiers, investors or future value-add outcomes.
For Sale via Expressions of Interest closing Thursday 18 June at 4pm.
*approx
Vinci Carbone is pleased to present Units 1 & 2, 431-433 Old Geelong Road, Hoppers Crossing — a significant dual showroom/warehouse holding within the highly regarded Golden Mile bulky goods precinct.
The property occupies a prominent position on Old Geelong Road, surrounded by leading national retailers and automotive brands including Bunnings, Harvey Norman, Amart, Karcher, Clark Rubber and Chemist Warehouse.
Comprising two single-level showroom/warehouses with a combined building area of 1,920 sqm*, the property is positioned on a substantial 3,716 sqm* landholding with 30.48m* frontage to Old Geelong Road.
Unit 1 is leased to Petstock Pty Ltd, majority owned by Woolworths Group, with a further 3-year term commencing 1 September 2026 at $178,446.48 per annum plus outgoings.
Unit 2 is currently occupied on a monthly overholding tenancy, providing flexibility for owner-occupiers, investors or future value-add outcomes.
- Petstock Lease Covenant: Unit 1 is leased to Petstock Pty Ltd, majority owned by Woolworths Group. Petstock have exercised their option for a further term of 3 years, commencing 1 September 2026 at a commencing rent of $177,846 per annum plus outgoings
- Part Owner/Occupier Potential: Unit 2 which has an area of 910 m2 is occupied on a monthly overholding tenancy. Potential open market rent is circa $120,000 per annum plus outgoings
- Significant Landholding: Substantial 3,716 sqm* site in a coveted location
- Modern Improvements: Two single-level showroom/warehouses totalling 1,920 sqm*
- Ample Parking: On-site parking available at the front and rear of the buildings
- Golden Mile Location: Positioned within one of Melbourne’s leading bulky goods and automotive retail strips
- High Exposure: Over 18,000 cars use Old Geelong Road daily
- Strong Growth Location: Positioned within the City of Wyndham, one of Victoria’s fastest-growing municipalities
For Sale via Expressions of Interest closing Thursday 18 June at 4pm.
*approx