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Sold on 25 Sep 2015

74 Wellington Parade East Melbourne VIC 3002

  • Shop & Retail
  • 235 m²
  • Sold

Absolute Prime East Melbourne Retail Corner Freehold

  • Super Prime Corner Retail
  • Exclusive East Melbourne Location
  • Significant Future Upside

Savills and M.G.O Property is delighted to offer For Sale by Public Auction this remarkable corner retail freehold in one of Melbourne's most exclusive suburbs East Melbourne.

The key attributes of 74 Wellington Parade include:

- A prime corner retail building of 235sqm* with three off-street car parks
- Fully leased to two tenants
- Ground Level 5+5 year lease from Nov. 2013 / First Level 3 year lease from Dec. 2012 (no options)
- Incredibly valuable landholding of 193sqm* (Commercial 1 Zoning)
- Total Net Rental: $95,576 per annum*
- Exceptional future upside potential with relatively low current rents and flexibility/value-add potential offered with level one
- Significant future development potential with an allowable height under DDO21A4 of 24 metres* (8 levels - STCA)
- A superb and tightly held retail location within one of Melbourne's most affluent suburbs (Median house price: $1,862,500)
- Strong retail location as an extension of Bridge Road and a main arterial road into the CBD
- Situated directly opposite the MCG and Melbourne's vast sporting precinct
- An unbelievable corner retail investment in a blue-chip location!

The opportunity to secure such a high quality freehold property at an accessible price point on the cusp of Melbourne's CBD is exceedingly rare. Accordingly, we encourage prospective buyers to actively consider this exceptional opportunity.

74 Wellington Parade is For Sale by Public Auction on Friday 25 September at 12-noon on-site.

For further information, please contact:

Savills:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

M.G.O Property:
Martin O'Halloran 0417 545 344

Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Jesse Radisich
Savills Melbourne
Jesse Radisich
Savills Melbourne
Martin OHalloran
M.G.O. Property
Martin OHalloran
M.G.O. Property

Property Highlights

Property ID2012210357
Date Sold25 Sep 2015
Floor Area235 m²
Land Area193 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  16 Jun 2021
Map for 74 Wellington Parade East Melbourne VIC 3002
Map for 74 Wellington Parade East Melbourne VIC 300274 Wellington Parade East Melbourne VIC 3002
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Jesse Radisich
Savills Melbourne
Jesse Radisich
Savills Melbourne
Martin OHalloran
M.G.O. Property
Martin OHalloran
M.G.O. Property

Property Highlights

Property ID2012210357
Date Sold25 Sep 2015
Floor Area235 m²
Land Area193 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  16 Jun 2021
Savills Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne VIC 3000
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Jesse Radisich
Savills Melbourne
Jesse Radisich
Savills Melbourne
Martin OHalloran
M.G.O. Property
Martin OHalloran
M.G.O. Property

Ask Nick Peden about this property

Nick Peden

Nick Peden

Savills Melbourne

Jesse Radisich

Jesse Radisich

Savills Melbourne

Martin OHalloran

Martin OHalloran

M.G.O. Property

0402 *** ***
0402 011 266

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