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