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PRIZED TROPHY RETAIL INVESTMENT

1000 Nepean Highway, MOORABBIN VIC, 3189

Sold

Property Sold in 1000 Nepean Highway, MOORABBIN VIC, 3189

Listing ID:
11366535
Status:
Sold
Last Updated:
08/01/2020
Icon building

Property Type

Retail/Offices/Land/Development
Icon square

Land Area

3485 SQM
Icon size

Floor Area

4376 SQM
Icon parking

Parking

N/A

PRIZED TROPHY RETAIL INVESTMENT

Savills is delighted to offer for sale this extraordinary retail investment opportunity superbly occupying a prominent corner along Nepean Highway’s ‘Golden Mile’, and fully leased to blue-chip tenants Freedom and Barbeques Galore. Having undergone a recent major refurbishment, 1000 Nepean Highway, truly reflects a retail opportunity of the highest calibre.

Key attributes of this impressive opportunity include:
• A modern two level retail building of 4,376q m*
• Basement customer car parking for 65 vehicles*
• New leases to A-grade tenants Freedom (10 years) & Barbeques Galore (5 years)
• Valuable corner landholding of 3,485sq m*
• Current Net Income: $1,153,438 per annum*
• Prominent exposure to Nepean Highway & Worthing Road
• Over 60,000 vehicles^ pass by the property daily
• Over $1 million* has recently been spent on building refurbishment
• Proven retail precinct along the Golden Mile of Nepean Highway, with direct proximity to Moorabbin Homemaker Centre
• A true once in a generation investment opportunity!

*Approx. ^VicRoads

SOLD

For further information please contact:
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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