FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 23RD OCTOBER 2024 AT 3PM
At the Brighton-end of this premier beachside strip, this double shopfront leads the way in Bayside investment. One tenant, two seperate titles.
Currently tenanted by a proven operator under the IGA brand, the property is under lease until late-2026 with on-going options for a further 15 years. Constructed as 2 individual shopfronts and converted for use as a boutique supermarket, these impressive retail premises are presented to the prestige standard expected of this blue-chip Bayside location.
- double shopfront converted as 200sqm* supermarket space
- stainless-steel utility/kitchen area
- full bathroom with shower
- 4 rev-cycle air-conditioners 2 front, 2 rear
- 5 carspaces in rear garage
- at the Brighton-end of this prestigious beachside retail strip
- surrounded by specialist retailer and service providers
- the only grocery business at this end of the strip
- on the route between Hampton Primary and the Secondary Colleges
- neighbouring a prestige family neighbourhood of multi-million dollar homes
- neighbouring apartment development with more to come
Term: current 5 year lease expires 30/9/26
Rental: $112,656 per annum including outgoings (approximately $13,800 PA) plus GST.
Options: 3x5
Reviews: market review at end of each term
Take your place on an iconic beachside strip
Secure an investment for the long term
Find excellent growth and future flexibility in a prestigious Bayside location
*NB All prices exclude GST unless otherwise stated and all sizes are approximate.
"A vision for tomorrow requires a strategy today. Dive into the future with DBRE."
The core focus of DBRE is industrial, commercial and retail property.
Between us we offer over 85 years’ experience in the commercial and industrial property markets with intricate knowledge of Melbourne's southeast corridor.
* Approx