4 Wallaroo Place, Hastings VIC 3915

Parkland views, bay side township, the perfect sea change or investment. A large allotment comprising of a 3 bedroom home and attached family operated milk bar makes it an investment with future development potential. (STCA)
The Milk Bar has successfully serviced the local community since 2020 with the operators recently endorsing a further 3-year option on their lease, with an additional 4 years available. The property consists of the retail floor space with cool room and storage area, interconnected to a 3 bed 1 bathroom, home with 2 separate toilets on approximately 1080m2 of land.

Wallaroo primary school is close by with Western Port Secondary College within easy reach by bike or walking. The community boast many sporting facilities including tennis courts, a bowling club and sports ovals. Nearby Hasting's jetty and waterfront is popular with tourists and fishermen.
Hastings sits on the western shores of Western Port Bay overlooking French Island. An attractive historic township with a modern commercial centre and a well-established community that extends along the shores of the bay. The township attracts many daily and short-stay tourists all year round coming to enjoy nature walks along the bay, water sports and more.
The surrounding area is also home to industries such as BlueScope Steel, Esso-BHP and the HMAS Cerberus Naval base.
Council rates 2024/25 $1835.35
Water rates (approx.) $1.44 per day

Property Features:
* Lot size 1080sqm (irregular shape)
* Milk Bar with connected 3 bedrooms, 1 Bath, 2 WC, 2 Cars
* Leasable area 285m2 approx. Currently tenanted
* Lease, renewed 15 Dec 2023; term 3 years (additional 4-year term available)
* Rental Return: $ 3,449.10pcm including GST, Plus outgoings
* Location: Mornington Peninsula
* Zoning: General Residential Zone 1
* Schools nearby
* Potential future development opportunity (STCA)