Auction: 13th August 2021 @ 1pm online. Please register via email to georgia@nickjohnstone.com.au
Wrapping the corner into Hampton St in lavishly leadlight style, and stretching deep down Arcadia St with grand red brick presence, this a property offers the best of all worlds …right where the worlds of the blue-chip beach side suburb and booming retail strip meet. This mixed-use property is a unique opportunity for investors, owner-occupiers and those wanting to combine the two. Returning $72,032pa.
The property is offered for purchase with a total land-holding of approx. 250sqm with shopfront and residence on a single title.
Both premises are presently tenanted:
The Shopfront:
- Leased until January 2023 with two (2) x five (5) year options.
- Successful café business.
- Current rental $35,000 with Market Review in October 2021.
The Residence:
- Leased until October 2021.
- Excellent long-term tenant of over ten years.
- Current rental $37,032.00pa.
Close proximity (4 blocks to the station), (150m) to Hampton Primary School.
500m to the bay, neighbouring blue-chip locale of multi-million $ homes
Invest in the most eye-catching period beauty on the strip. Secure a one-off apartment on the beach side. Find a unique balance of residential/commercial use and lifestyle/investment rewards in this landmark property.
AUCTION 1:00 PM - online
For further details please contact:
DBRE Pty Ltd - David Bancroft 0418 318 747
Nick Johnstone Real Estate - Nick Johnstone 03 9553 8300
*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.
Please feel free to contact us to discuss your commercial property needs. Between us we offer over 60 years experience in the commercial and industrial property markets with intricate knowledge of Melbourne's south east corridor.
