Auction Thursday 9th March 2017 @ 11.30am
Prime Retail Food Premises - A Real Feast
Large, Modern Double Fronted Retail Shop, Securely leased restaurant Feast on this excellent investment * Five (5) year lease * Rental $46,794.24 p.a. * Tenant pays outgoings * High Profile Location * Excellent Fitout
PRIME INVESTMENT WITH HUGE UPSIDE - 3 retail shops fully leased - First floor office on a short term tenancy - Potential rent: $131,542 pa (approx.) + o/g’s - Combined frontage of over 55 m - Land area: 760 sqm (approx.) - Commercial 1 Zoning
Prime Retail Food Premises - A Real Feast Large, Modern Double Fronted Retail Shop, Securely leased restaurant Feast on this excellent investment * Five (5) year lease * Rental $46,794.24 p.a. * Tenant pays outgoings * High Profile Location * Excellent Fitout
Melbourne's Ultimate Bayside Development Site The Savills CBD & Metropolitan Sales team is delighted to offer for sale this magnificent bayside development site at 2-16 Selwyn Street, Elsternwick (corner Sinclair Street). This site represents an opportunity to acquire a prime development site with an absolute abundance of amenity in one of Melbourne's premium bayside suburbs.
The key attributes of this fantastic property include;
- An enormous bayside landholding of 6,155sq m*
- Prime corner position with additional laneway access
- Flexible Mixed Use Zone
- Significant surrounding development height precedent of up to 12 levels
BRAND NEW FULLY LEASED RESTAURANT - NEXT TO CLASSIC CINEMA ELSTERNWICK Due for completion at the end of 2016, this retail tenancy is leased to the successful 48H-Pizza and Gnocchi Bar on a long term lease. The premises include a 3,000lt grease trap, ventilation and storage.
Located next to the popular Classic Cinemas and bustling Glenhuntly Road retail precinct, the development includes 48 luxury one and two bedroom apartments.
The lease commences on 1 February 2017 and extends for 5 years plus options for a further 10 years. Fixed 2.5% rent increases and good security further compliments this investment opportunity.