Up for grabs: Glenn Young, of Youngs and Co Real Estate, says the commercial site on the corner of Benalla Rd and Fordyce St in Shepparton is a rare opportunity to purchase a large freehold property with huge development potential.
Photo by
Murray Silby
One of Shepparton’s most prominent sites on one of the city’s busiest thoroughfares will go up for auction on Friday, May 12.
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Agent Glenn Young, of Youngs and Co Real Estate, says it is a rare opportunity for investors to purchase a corner property on busy Benalla Rd.
“It’s very difficult to acquire large freehold sites on Benalla Rd,” Mr Young said.
“If you drive up and down the road, there’s very, very few sites left and potentially there’s nothing, it’s just so hard.
“Having the corner position, it gives you your dual entry. This property is actually in two titles, so you could amalgamate the titles if you want to have a large property or you could indeed sell off the rear parcel if you wanted to.”
The total area of the site is 7385 sq m, fronting Benalla Rd and Fordyce St, close to Bunnings Warehouse and currently occupied by the Thompson Motor Group (Hyundai, Suzuki and Mitsubishi dealerships).
The main building includes showrooms and workshop areas fronting Benalla Rd while the building at the rear (Hyundai Service Centre) is in Fordyce St.
Both titles are to be offered for sale as a whole and are leased until 2024 with an option for another 12 months.
“It’s being sold as a going concern with a tenant in possession, but there is an opportunity in the not too distant future, should the tenant vacate at the end of 12 months or at the end of two years, to get in and redevelop the site,” Mr Young said.
The property will be auctioned on Friday, May 12 at the Park Lake Hotel from 1pm.
Food awards offer chance to “elevate” brand
Opportunity: The Melbourne Royal Australian Food Awards are back in 2023 after a three-year hiatus, with organisers saying previous winners have used them as a launching pad for some of Australia’s most successful food products and brands.
Entries will soon close for the Melbourne Royal Australian Food Awards, which organisers say provide commercial food producers, from boutique operators to large-scale manufacturers, the chance to “elevate their brand” and “increase their reach among their target audience”.
The awards celebrate excellence in Australian food production and are returning after a three-year hiatus.
The awards include five new food award programs, including:
Melbourne Royal Sweet and Savoury Preserves Awards (judging in July);
Melbourne Royal Dairy Awards (judging in August);
Melbourne Royal Meat and Smallgoods Awards (judging in August);
Melbourne Royal Bread and Baked Goods Awards (judging in March 2024); and
Melbourne Royal Chocolate and Confectionery Awards (judging in March 2024).
Entries close for the Sweet and Savoury Preserves categories on Friday, May 5.
Melbourne Royal’s Damian Nieuwesteeg said the awards provided producers from around the country with an incredible opportunity to give their products a marketing boost.
“Lockdown microbusinesses are growing into boutique brands, and the awards offer them the leverage to go beyond their own online stores and enter the specialty retail space,” he said.
The Federal Government has announced that from July 1, 2026 employers will be required to pay superannuation to their employees at the same time as their wages.
The government says the change will mean a 25-year-old median income earner currently receiving their super quarterly and wages fortnightly could be around $6000 or 1.5 per cent better off at retirement.
The decision has been welcomed by the Australian Institute of Superannuation Trustees, a not-for-profit group representing the interests of Australia’s $1.6 trillion profit-to-member superannuation industry, saying it will improve the retirement balances of millions of working Australians.
“We know the majority of employers do the right thing, but some do not, and, given superannuation is deferred wages, it makes sense that it be paid at the same time as salary and wages,” AIST chief executive Eva Scheerlinck said.
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