Share this property

realcommercial.com.au
Stonebridge Property Group - Melbourne

Shop 1, 28 Riddell Pde Elsternwick, VIC 3185

Directions

Shop 1, 28 Riddell Pde,
Elsternwick, VIC 3185

Shops & Retail

Price information

Sold

Contact Agent

Key property information

Floor area

Tenure type

Sold on

Stonebridge Property Group - Melbourne
Nic Hage
Rorey James
Kevin Tong 汤聪瑜

Stonebridge Property Group - Melbourne

Level 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
Stonebridge Property Group - Melbourne
Shop 1, 28 Riddell Pde
Elsternwick, VIC 3185

Map of Shop 1, 28 Riddell Pde

Directions

Shop 1 - 10 Year Lease to High Quality Delicatessen

  • $78,785* Net Annual Income
  • 168sqm* premises + 2 carparks
  • 10 year lease + 3% rental incr
Stonebridge Property Group are pleased to present for sale Shop 1, 28 Riddell Parade, Elsternwick.

- Well located 168sqm* retail premises with favourable 10-year lease to highly rated hospitality/catering business Hunter & Co. Deli (4.6 stars - Google).

- Providing net annual income of $78,785* subject to 3% annual increases, with tenant responsible for all outgoings except land tax.

- The versatile tenant offers a dual business model with a full range of delicatessen produce & liquor available in store in addition to a successful take home meal & catering service.

- Hunter & Co. have invested in an online sales platform & delivery service to surrounding suburbs (total catchment area: 190,000 residents).

- Located just a short 100m* walk from Elsternwick Station and only 50m* from the Glen Huntly Road retail precinct the property enjoys excellent accessibility for customers and high levels of daily foot traffic.

- Positioned within the mid-rise mixed use development Elsternwick Place, designed by award winning architect Jackson Clements Burrows and comprising 54 apartments + two levels of office space.

- Highly anticipated public & private projects surround the property, notably the new cultural precinct and the proposed Woolworths development both of which will draw foot traffic to the area – details of these projects can be provided.

- Located walking distance from the Elsternwick Entertainment precinct in addition to the proposed Woolworths’s development – set to be a major driver of retail activity.



*Approx.



Shops 1 & 2, 28 Riddell Parade, Elsternwick are set to be sold via consecutive onsite public auctions Friday 7th May at 10.30am.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage

0448 782 5...



Rorey James

0439 400 0...



Kevin Tong

0422 848 8...

Property Code: 238

Property ID: 503796714Last Updated: 21 Jul 2021

proptrack logo
This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.

Make an enquiry

What's your enquiry about?

Enter your details

More properties from Stonebridge Property Group - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.