61 Tennyson Street,
Elwood, VIC 3184

Gross Waddell ICR, with Charter Keck Cramer acting as Transaction Advisor, is pleased to offer this prime development gem located in an exclusive Elwood pocket. Offering a triple net leaseback to one of Australia’s top 20 listed companies, Telstra, the property presents an extraordinary opportunity to acquire a securely leased investment with ideal development fundamentals (STCA).

• Highly sought-after 918 sqm* landholding in a premium pocket of Elwood

• Comprehensive scheme for townhouses (STCA) and favourably zoned GRZ1

• Benefiting from two (2) street frontages with 68 m* of exposure to both Tennyson Street and John Street

• Leaseback to ASX-listed company Telstra, offering a rare ‘triple net’ lease

• Holding income of $130,000 net pa*, with Telstra paying all outgoings including land tax

• Substantial 520 sqm* of gross building area with the ability to reposition the existing structure in the future

• Merely metres to Elwood’s picturesque canals and idyllic beaches

• Premium location, just metres from lively retail precincts including Elwood and Ripponlea retail villages

• Approximately 200 m* to trams and 650 m* to Ripponlea Train Station, providing excellent connectivity

• Elwood boasts a median house price of $2,100,000 (source: REIV) and offers a beautiful bayside lifestyle defined by leafy streets, vibrant cafés, village charm, and the ease of living just moments from the beach and parklands

The property is to be sold via an on-site Public Auction to be held at 12:00 pm on Thursday the 12th of March.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*approx.