384A Nepean Highway,
Chelsea, VIC 3196
Shops & Retail • Offices • Development Sites & Land
Price information
Sale - Auction Thu 20 Jun
Contact Agent
Key property information
Land area
Floor area
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$66,000
Number of Tenants
1 Tenant
Tenants / Type
Parliament of Victoria
Auction
Private inspections
to arrange a private inspection.
Map of 384A Nepean Highway
Train stations within 5 km of 384A Nepean Highway, Chelsea, VIC 3196 Distance Chelsea Station 88 m Bonbeach Station 1.4 km Edithvale Station 1.8 km Aspendale Station 2.9 km Carrum Station 2.9 km POWERED BY HERE ©Bus stops within 5 km of 384A Nepean Highway, Chelsea, VIC 3196 Distance Station St/Embankment GR (Chelsea) 258 m Station St/Thames Prom (Chelsea) 276 m 19 Thames Prom 293 m Swanpool Ave/Station 476 m Bertrand RdEmbankment GR 505 m POWERED BY HERE ©
POWERED BY HERE ©
BEACHSIDE STRIP WITH PARLIAMENT OF VICTORIA TENANT.
For Sale via Public Auction on the 20th of June at 12pm.
The next Open for Inspection is Thursday 13th June at 9.30am. Please register your interest to attend.
POINT OF INTEREST:
Investing in property always has some degree of risk, but when you consider a recently leased Bayside asset to the Parliament of Victoria — this is a foolproof move. Sitting directly within Chelsea’s main retail, grocery, and hospitality high street (and doors away from the popular Castello's Longbeach Hotel), this recently re-developed 148 sqm* retail asset immediately attracted a myriad of tenants hoping to occupy. It was ultimately leased to the Parliament of Victoria with a five-year term for $66,000 per annum, a fair exchange considering the dual-street frontage to Nepean and the rear Avondale Lane where 2 car parks sit, plus the brand new shop front, air conditioning system, suspended ceiling, lighting, kitchen and bathroom amenities. A busy thoroughfare at all times, peaking in summer, and for the locals to collect their necessities, Chelsea Beach is only a few minutes walk from here, and the train station is a cruisey five-minute walk too.
- Leased to Parliament of Victoria on a 5+5+5 year lease from February 2024.
- $66,000 per annum in gross leasing income.
- Suit 5.5-6% yield investors.
- Redeveloped to Parliamentary specifications.
- 148 sqm* total building area with comprehensive fit-out throughout.
- 229 sqm* total land area.
- Commercial 1 zoning.
- 2 on-site car spaces at the rear.
- Over 100 car spaces in close proximity.
- 300 m* to Chelsea railway station.
POINT OF VIEW:
Chelsea is already predicted to be the new Mordialloc, and by investing in a piece of its main retail and hospitality strip, you’re getting three steps ahead. Coincidentally, the beach is only a few extra steps down that path from here too.
*Approx.
Pricing excludes GST
The next Open for Inspection is Thursday 13th June at 9.30am. Please register your interest to attend.
POINT OF INTEREST:
Investing in property always has some degree of risk, but when you consider a recently leased Bayside asset to the Parliament of Victoria — this is a foolproof move. Sitting directly within Chelsea’s main retail, grocery, and hospitality high street (and doors away from the popular Castello's Longbeach Hotel), this recently re-developed 148 sqm* retail asset immediately attracted a myriad of tenants hoping to occupy. It was ultimately leased to the Parliament of Victoria with a five-year term for $66,000 per annum, a fair exchange considering the dual-street frontage to Nepean and the rear Avondale Lane where 2 car parks sit, plus the brand new shop front, air conditioning system, suspended ceiling, lighting, kitchen and bathroom amenities. A busy thoroughfare at all times, peaking in summer, and for the locals to collect their necessities, Chelsea Beach is only a few minutes walk from here, and the train station is a cruisey five-minute walk too.
- Leased to Parliament of Victoria on a 5+5+5 year lease from February 2024.
- $66,000 per annum in gross leasing income.
- Suit 5.5-6% yield investors.
- Redeveloped to Parliamentary specifications.
- 148 sqm* total building area with comprehensive fit-out throughout.
- 229 sqm* total land area.
- Commercial 1 zoning.
- 2 on-site car spaces at the rear.
- Over 100 car spaces in close proximity.
- 300 m* to Chelsea railway station.
POINT OF VIEW:
Chelsea is already predicted to be the new Mordialloc, and by investing in a piece of its main retail and hospitality strip, you’re getting three steps ahead. Coincidentally, the beach is only a few extra steps down that path from here too.
*Approx.
Pricing excludes GST
Property ID: 504598696Last Updated: 11 Jun 2024
CVA Property Consultants - Melbourne
18-20 Russell StreetMELBOURNE, VIC 3000
384A Nepean Highway
Chelsea, VIC 3196
CVA Property Consultants - Melbourne18-20 Russell Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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