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  5. ENTRY LEVEL INVESTMENT IN BOOMING ELSTERNWICK

Shop 5/242 Glen Huntly Road, ELSTERNWICK VIC, 3185

Sold
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Property Sold in Shop 5/242 Glen Huntly Road, ELSTERNWICK VIC, 3185

Teska & Carson

6 Yorkshire Street, Richmond, VIC 3121

Listing ID:
11409790
Status:
Sold
Last Updated:
28/05/2021
Price:
Contact Agent

Property Type

Retail

Land Area

N/A

Floor Area

75 SQM

Parking

2

ENTRY LEVEL INVESTMENT IN BOOMING ELSTERNWICK

Auction: Friday 28 May 2021 at 1pm on-site.

Teska Carson is pleased to present for purchase Shop 5, 242 Glen Huntly Road, Elsternwick with the following key attributes:

Securely leased investment opportunity positioned in the heart of Elsternwick’s booming retail food & shopping precinct, Glen Huntly Road.

Longstanding tenant ‘Bottlemart Express Happy Cellars’ providing an annual net income of $48,094 + GST & Outgoings.

Five (5) year lease having commenced 1 July 2019 with additional five (5) year options until 2044.

Annual increases of 3%.

Building area of 75sqm* and two (2) secure on-site car spaces.

Flexible mixed use zoning allowing multiple options for future use (STCA).

Glen Huntly Road is a booming retail shopping strip with an abundance of national retailers, local businesses and hugely successful food operators including Hanoi Hannah, Penta & Carter Lovett to name a few.

Situated at the doorstep to Elsternwick Train Station and surrounded by additional public transport amenity including the no.67 tram and bus routes 603 & 246.

Please do not hesitate to call for further information:

Luke Bisset 0400 344 211
George Takis 0403 259 559

For more details, please email agent

Teska & Carson

6 Yorkshire Street, Richmond, VIC 3121

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