GormanKelly is pleased to offer 3, 5 & 5A Theatre Place, Canterbury for sale via public auction on the 28th July 2011 at 12 noon to be sold in one line.

The property comprises a rare opportunity to secure a fully leased and recently refurbished substantial two level Victorian freehold within the affluent suburb of Canterbury. The property which is held in three separate titles to be sold in one line is made up of two ground floor retail tenancies at 3 and 5 Theatre Place with a first floor component at 5A Theatre Place which occupies the space above the two ground floor shops.

The property occupies a large 357m2 Business 1 zoned site with rear laneway access and onsite carparking and currently returns a combined $111,125 per annum plus GST and outgoings with new leases in place. 3 Theatre Place is leased to Perfect Pieces Jewellery and 5&5A Theatre Place is occupied by Beautiful Room who have been in the area for over 20 years and together provides a securely leased retail investment. The property provides a great future upside through the potential on-sale of the individual titles or scope for redevelopment or future expansion (STCA).

3, 5 & 5A Theatre Place is located on the western side of Theatre Place which runs off the middle of the Maling Road strip retail precinct.
Maling Road Canterbury is a highly sought after boutique retail strip characterised by unique historical Victorian and Edwardian shops and cafes. This pleasant retail precinct tends to attract patrons seeking a relaxed shopping experience combined with a stop off in a café for coffee and cake.

The subject property is located within the affluent suburb of Canterbury, approximately 10 kilometres east of the Melbourne CBD.

Furthermore the property is in close proximity to the following facilities:

- Easy access to main roads such as Canterbury Road, Whitehorse Road, Burke Road and the Eastern Freeway;