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
Shop And Dwelling Currently leased to popular Korean/American fusion restaurant ‘The More The Better’, this tasty offering presents a exceptional opportunity to those investors with a strong appetite for satiating their property portfolios. With a net rental return of approximately $55,000 per annum & a 5 x 5-year lease that commenced 1 April 2013, the premises comprise of a two-storey building with a shop/restaurant, commercial kitchen, restroom & a five-room dwelling that can be configured as a residence or home office set-up. A ROW car space at the rear is accessed via St Georges Road. The property enjoys a...
Motel sale PC-0010 City fringe commercial property for sales with 25 years lease, approximately 5% investment return. Location at an Icon position in Melbourne. Just 17 km away from CBD, 4 levels, very solid and newly building with motel business. Tenant pays $525,000 plus GST plus outgoing a year. Once a life time opportunity. Inspection is a must!
For more information, please call In Lee on 0403 155 214.
Balance Business & Real Estate
Level 1, Suite 6, 695 Burke Rd., Camberwell VIC 3124
T: 03 9939-5659 / 03 9939-1910
F: 03 9939-1439
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.