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74 Wellington Parade
East Melbourne VIC 3002
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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

Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

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

Nearest transport* to 74 Wellington Parade East Melbourne VIC 3002

Bus
Train
Tram
Wellington Pde/Hoddle St (East Melbourne)215 m
Bridge Rd/Hoddle St (Richmond)246 m
West Richmond Railway Station/Hoddle St (East Melbourne)284 m
West Richmond Railway Station/Hoddle St (Richmond)290 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold25 Sep 2015
Floor Area235 m²
Land Area193 m²
ParkingOn site parking available
Property ID2012210357
Category
Last updated  16 Jun 2021

Listed by

Martin OHalloran
Martin OHalloran
M.G.O. Property
Call
0417 545 344

More about 74 Wellington Parade East Melbourne VIC 3002

74 Wellington Parade East Melbourne VIC 3002 is categorized as Shop & Retail Property. It has a floor area of 235 m² and a land area of 193 m². The listing ID for this property is 2012210357.

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