Gross Waddell ICR is delighted to present for sale 25-27 Crockford Street, Port Melbourne, an exceptional corner investment located on the edge of Bay Street’s lively retail village and moments to South Melbourne Market, Crown Casino and Entertainment Complex and South Wharf’s DFO.

• Prime 2 level retail and showroom freehold consisting of 750 sqm* of building area

• Substantial corner landholding of 624 sqm* with dual access from both Crockford Street and Ingles Street

• Securely leased to 2 highly reputable tenants including Habitat Pet Supplies and Catherine Hiller Art Gallery

• Significant income returning $191,227* net p.a. plus GST

• 80% of income generated by the rapidly growing Habitat Pet Supplies, with a lease to 2041 inclusive of options

• Favourably zoned Commercial 1 Zone (C1Z), providing development potential on lease expiry (STCA)

• 310 m* to trams via route 109 and easily accessible to major arterial roads include West Gate Freeway and Citylink

• Exceptional city fringe location in Melbourne’s bustling inner bayside suburb, only 1.7 km* from the Melbourne CBD and on the boundary of one of Melbourne’s most dynamic development precincts being Fisherman’s Bend

• Within immediate proximity to thriving retail precincts including Bay Street (175 m*), South Melbourne Market (800 m*), Albert Park Village (950 m*), South Wharf DFO (1.15 km*), Crown Casino (1.45 km*)

The property is for sale via an Expression of Interest campaign closing at 3:00 pm on Thursday the 15th of August 2024. For further information or to discuss this investment opportunity further, please contact the team at Gross Waddell ICR directly.

*approx.