128 Henty Street Casterton, VIC, 3311

Prime Commercial Freehold with Multiple Income Streams & Future Potential

Positioned in the heart of Casterton's commercial precinct, this substantial Commercial 1 Zoned freehold presents a rare opportunity to secure a versatile property offering immediate income, vacant occupier space and exceptional future potential.
Occupying a generous 3,863m² allotment, the property comprises a prominent Henty Street commercial building, extensive workshop facilities and valuable land with dual street access from both McPherson Street and Murray Street.
The main street frontage building incorporates three separate commercial tenancies with a combined floor area of approximately 675m² across ground and basement levels. The larger space of 128A is currently vacant and has been extensively renovated, providing a turnkey opportunity for owner-occupiers or investors seeking to secure an additional tenant. The premises also benefit from substantial basement storage facilities. Tenancies 128B and 128C are currently leased, providing established income. Office accommodation, reception areas, kitchen facilities and extensive storage are also featured throughout the building.
At the rear of the property is a substantial workshop complex comprising two separate workshop buildings measuring approximately 34.6m x 7.2m combined, together with additional garaging, office facilities and amenities. A well-established business occupies the rear workshop under lease until June 2027, with the tenant expressing interest in continuing long term.
Adding further appeal are the expansive grassed and hardstand areas situated between the main commercial building and rear workshops, providing ample space for parking, storage, vehicle access or future enhancement (STCA). Access from both McPherson and Murray Streets significantly enhances the functionality of the site.
Property Highlights
• Commercial 1 Zoned freehold
• Large 3,863m² landholding
• Three separate commercial shopfronts
• 128A fully renovated and ready for immediate occupation
• Stable income from existing tenancies
• Long-term rear workshop tenant with lease to June 2027
• Approx. 675m² main commercial building
• Extensive basement storage areas
• Multiple offices, reception areas and staff amenities
• Kitchen facilities onsite
• Two substantial rear workshop buildings
• Additional garage, office and toilet facilities
• Dual street access from McPherson Street and Murray Street
• Extensive onsite parking, storage and hardstand areas
• Opportunity to owner-occupy while retaining multiple income streams
This is a rare opportunity to acquire one of Casterton's more substantial commercial holdings, combining flexibility, established tenancy income and future growth potential within the township's central business district.
Contact the agent today for lease details and further information.