TOP SHELF CORNER INVESTMENT – NEW LEASE TO VINTAGE CELLARS

Fitzroys is delighted to offer for sale this top shelf freehold investment located on the prominent corner of Brighton Road and Milton Street in the highly popular bayside suburb of Elwood via on-site Auction Wednesday 16th April at 12.30pm.

This outstanding opportunity provides investors with the rare chance to acquire a high exposure corner site with the benefit of a renewed lease to a subsidiary Tenant of ASX listed Coles Group plus a separate spacious first floor apartment.

The key attributes of this opportunity include:

•  Renewed lease to longstanding Tenant – Vintage Cellars (occupied the site since 2014)

•  Irreplaceable land holding of 376sqm* with exceptional frontage of 12.64 metres* to Brighton Road and 30.48 metres* to Milton Street plus side and rear road access

•  Immaculate Vintage Cellars corporate fit out with rear loading access plus separate first floor spacious and renovated 3-bedroom, 2 bathroom apartment suitable for owner occupation

•  Strong Rental growth potential from both tenancies

•  On-site parking included and entered from Milton Street

•  Servicing the large local catchment of suburbs including St Kilda, Elsternwick, Balaclava and excellent exposure to those travelling into the CBD

•  Excellent transport connectivity via the 67 and 78 tram providing access to the CBD and popular Chapel Street shopping precinct

111 Brighton Road Elwood provides an outstanding opportunity to acquire an unrivalled corner freehold investment with the benefit of a strong lease covenant with potential for future rental growth from two separate income streams

Conjunctional Agent: Tim McDermott, Commvest Management 0419 360 790

FOR SALE BY PUBLIC ON SITE AUCTION WEDNESDAY 16TH APRIL AT 12.30PM.

*Approx.