15 Hancock Street, Drysdale, Vic 3222

Gartland are delighted to offer this freehold investment at 15 Hancock Street, Drysdale via Private Sale.

* Six (6) Retails spaces Ground Floor with one vacancy.
* First Floor has six (6) immaculate and light filled office suites
* Current Total Ground Floor Income: $98,142.56 + GST Net
* Strong value-add opportunity through lease optimisation and future asset enhancement.
* Ground Floor Tenant mix: Retail & Allied Health Services

A rare opportunity to secure a substantial mixed-use commercial property in the heart of Drysdale's thriving town centre and is positioned adjacent to the recently completed Drysdale Library and enjoys direct access to Drysdale Village Shopping Centre. Positioned on a generous 624 sqm (approx.) Commercial 1 Zoned site, this solid circa 1940 double-storey brick building is offered across 10 separate strata titles, providing exceptional flexibility for investors, owner-occupiers and future redevelopment or repositioning (STCA).

Property Highlights:

• Prime central location in the heart of Drysdale.
• Double-storey solid brick building, circa 1940.
• Commercial 1 Zone (C1Z).
• Build area: 705 sqm (approx)
• Land area: 624 sqm (approx.).
• Held across 10 separate strata titles.
• Two Owners Corporations Ground & First Floor
• Six ground-floor commercial tenancies, with five leased and one vacant, providing immediate leasing or owner-occupier potential.
• Six first-floor office suites offering multiple income streams with potential annual rent of $87,500 upwards PA + GST Net
• On-site car parking for tenants and visitors.
• Strong value-add opportunity through lease optimisation and future asset enhancement.

This versatile property presents a compelling investment with diversified tenancy, multiple titles, and the flexibility to sell, lease or occupy individual strata lots over time. Opportunities of this scale and configuration are seldom available in the rapidly growing Bellarine Peninsula commercial market.

For further information or to arrange an inspection, contact the exclusive selling agents.