440 Nepean Highway,
Chelsea, VIC 3196
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
440 Nepean Highway
Chelsea, VIC 3196
Map of 440 Nepean Highway
LONG LEASE WITH VALUE-ADD POTENTIAL
- New lease + options
- Fixed annual increases
- Significant landholding
** SOLD **
Gross Waddell ICR is pleased to offer a set and forget retail investment with upside, as part of the ‘The Neighbourhood Collection’.
https://signatureauctionseries.com.au/
• Located in a prime position of the thriving Chelsea retail strip
• Brand new 5 year lease plus a 5 year option
• Returning $38,400 net per annum* with fixed 3% annual increases
• Favourably zoned C1Z and providing significant value-add or development upside (STCA)
• 270 sqm* of land with rear lane access to Birtchnell Lane
• Backing onto Woolworths and neighbouring the Chelsea Beach Arcade and Chelsea Market Shopping Centre
• Metres to the recently completed Chelsea train station and the ever popular Chelsea beach
• Thriving median house price of $1,240,000 (source REIV)
The property is to be sold via Public Auction as part of the ‘The Neighbourhood Collection’ and held at Leonda by the Yarra from 11 am on Thursday the 13th of October 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Gross Waddell ICR is pleased to offer a set and forget retail investment with upside, as part of the ‘The Neighbourhood Collection’.
https://signatureauctionseries.com.au/
• Located in a prime position of the thriving Chelsea retail strip
• Brand new 5 year lease plus a 5 year option
• Returning $38,400 net per annum* with fixed 3% annual increases
• Favourably zoned C1Z and providing significant value-add or development upside (STCA)
• 270 sqm* of land with rear lane access to Birtchnell Lane
• Backing onto Woolworths and neighbouring the Chelsea Beach Arcade and Chelsea Market Shopping Centre
• Metres to the recently completed Chelsea train station and the ever popular Chelsea beach
• Thriving median house price of $1,240,000 (source REIV)
The property is to be sold via Public Auction as part of the ‘The Neighbourhood Collection’ and held at Leonda by the Yarra from 11 am on Thursday the 13th of October 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Property ID: 504159323Last Updated: 19 Dec 2022
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from Gross Waddell ICR - Commercial
Other properties you might be interested in based on the location and property type you are looking at.
