26 Wood Street
Thomastown, VIC 3074

This exceptional offering comprises three adjacent freehold properties located in a precinct designated as a State significant industrial area, presenting a rare and outstanding opportunity for redevelopment and investment. The combined land area totals approximately 3.41 hectares (34,100 square meters), providing substantial scale and flexibility for a variety of commercial and industrial uses.

The properties feature significant street frontages, including a 255-metre frontage to Settlement Road and an additional 76-metre frontage to Wood Street, enhancing visibility and access. These expansive frontages contribute to the site's prominence and potential for future development.

The individual sites include:

• 26 Wood Street: Approximately 2.491 hectares of land with two expansive street frontages. The site currently accommodates two commercial tenants under short-term leases, generating a gross income of $155,224 per annum.
• 261 Settlement Road: A land area of 5,376 square meters featuring a stand-alone restaurant premises of 695 square meters. The site offers abundant car parking with capacity for 125 vehicles and currently yields rental income of $178,564 per annum plus GST and outgoings.
• 267-273 Settlement Road: Comprising 3,872 square meters of land with quality improvements providing both long and short-term flexibility. The building area totals approximately 2,677 square meters, housing multiple tenancies that collectively return $406,051 per annum gross plus GST.

With a favorable Commercial 2 zoning, these properties offer broad options for developers, owner-occupiers, or investors seeking a strategic location with significant renewal potential. The area is surrounded by high-profile occupants such as Bunnings, Harvey Norman, Repco, JB Hi-Fi, and The Good Guys, underscoring the commercial viability and attractiveness of the precinct.

Excellent access is provided to major arterial roads including the Metropolitan Ring Road (M80) and the Hume Freeway (M1), facilitating efficient connectivity to Melbourne and surrounding regions.

All measurements and boundary outlines are approximate and should be independently verified. This offering represents a once-in-a-generation opportunity to acquire a substantial industrial and commercial supersite in a prime Melbourne location.