Blue-Chip Metro Melbourne Freehold Investment
237-239 High Street, Ashburton VIC 3147
Auction 14/05/24
RetailSize: n/a
Block size: 457 m² approx.
Burgess Rawson is pleased to offer to the market 237-239 High Street, Ashburton VIC for sale via Portfolio Auction Investment 168.
The property has the following key investment highlights:
+ Fully leased investment, anchored by renewed retail leases to long term & established food tenants in Chicken Central and Anne's Pantry plus two 1-bedroom apartments.
+ Chicken Central: A renowned fast-food chain in Melbourne, Chicken Central provides food delivery and dine-in options at four strategically located outlets.
+ Anne's Pantry: Established in 1929, Anne's Pantry specializes in dine-in experiences and large-scale catering, currently serving patrons at five Melbourne venues with another location set to open soon.
+ Landlord-favourable, set-and-forget net lease structures with tenants responsible for all usual outgoings excluding Land Tax.
+ Prominent double-fronted freehold building covering 457 sqm*, boasting substantial underlying land value.
+ Tenant funded, capital intensive retail fit-outs plus recently refurbished 1-bedroom apartments.
+ Exposure to High Street, a major metro Melbourne commuter road serviced by major arterials including Monash Freeway/City Link and Warrigal Road - over 22,000 vehicles passing the property daily**.
+ Important rear lane access and 4 on-site car parking spaces additional abundance of free public car parking available directly behind the property.
+ Positioned within the heart of 'Ashburton Village', a high performing retail precinct servicing an affluent catchment of Melbourne's highly sought after suburbs Glen Iris, Malvern East, Camberwell and Ashburton.
+ Rapidly growing catchment with a number of medium and high density apartment projects in proximity in different stages of planning and construction.
+ Excellent public transport amenity nearby including Ashburton Train Station within 200m*.
+ In close proximity to an array of national tenants, with IGA, Bakers Delight, Domino's, F45, BFT, Snap Fitness and Shell Coles Express all within 200m*.
+ Ashburton: 10km* from CBD, affluent southeast Melbourne growth suburb with a median house price of $2,100,000***.
+ Net income: $160,328 pa* + GST
To be sold by Investment Portfolio Auction (unless sold prior):
10:30am AEST
Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
*Approximately
**GapMaps
***Realestate.com.au
The property has the following key investment highlights:
+ Fully leased investment, anchored by renewed retail leases to long term & established food tenants in Chicken Central and Anne's Pantry plus two 1-bedroom apartments.
+ Chicken Central: A renowned fast-food chain in Melbourne, Chicken Central provides food delivery and dine-in options at four strategically located outlets.
+ Anne's Pantry: Established in 1929, Anne's Pantry specializes in dine-in experiences and large-scale catering, currently serving patrons at five Melbourne venues with another location set to open soon.
+ Landlord-favourable, set-and-forget net lease structures with tenants responsible for all usual outgoings excluding Land Tax.
+ Prominent double-fronted freehold building covering 457 sqm*, boasting substantial underlying land value.
+ Tenant funded, capital intensive retail fit-outs plus recently refurbished 1-bedroom apartments.
+ Exposure to High Street, a major metro Melbourne commuter road serviced by major arterials including Monash Freeway/City Link and Warrigal Road - over 22,000 vehicles passing the property daily**.
+ Important rear lane access and 4 on-site car parking spaces additional abundance of free public car parking available directly behind the property.
+ Positioned within the heart of 'Ashburton Village', a high performing retail precinct servicing an affluent catchment of Melbourne's highly sought after suburbs Glen Iris, Malvern East, Camberwell and Ashburton.
+ Rapidly growing catchment with a number of medium and high density apartment projects in proximity in different stages of planning and construction.
+ Excellent public transport amenity nearby including Ashburton Train Station within 200m*.
+ In close proximity to an array of national tenants, with IGA, Bakers Delight, Domino's, F45, BFT, Snap Fitness and Shell Coles Express all within 200m*.
+ Ashburton: 10km* from CBD, affluent southeast Melbourne growth suburb with a median house price of $2,100,000***.
+ Net income: $160,328 pa* + GST
To be sold by Investment Portfolio Auction (unless sold prior):
10:30am AEST
Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
*Approximately
**GapMaps
***Realestate.com.au
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jamie Perlinger to learn more about this property, request an inspection or take an online tour.
Auction
Tuesday 14 May, 10:30am
Crown Casino - River Room - Melbourne
Key details
Property type:
Retail
Block Size:
457 m²*
Other Details
Maps and area information
Block information
Block size: 457m² (approx)
No block information available
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© PSMA Australia 2024.
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SummaryMedian sales
Average Age
43 years
Population
7,952
Listing ID: 182452187. This listing has been viewed 0 times. It was first displayed on 16/04/2024 and last updated on 29/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.