442-443 Nepean Highway,
Chelsea, VIC 3196

The property is on 2 titles but will be offered for sale as a whole. Three long term tenants occupy the property. Offers high exposure to passing traffic,with the railway station just across the road. Dual street frontage to Nepean Highway and Birchnell lane and ample Council parking as well.

Suit buyers looking to invest now and develop in the future (STCA)

Property Details:

• Total land area 472sqm approx
• Combined building area of 364.46sqm approx
• Current return of $80,376 per annum
• Future Development (STCA)

Tenancy Details:

442 Nepean Highway Chelsea

Leased to Chelsea Dental Pty Ltd - Dental practice
5 year lease ending 19 July 2019
Current rent $25,160 per annum plus gst and outgoings
Two (2) further three (3) year terms
Building area 88.26sqm approx

Level 1, 442 Nepean Highway Chelsea

Leased to Mount Falls Pty Ltd - Solicitors
Current rent $20,499 plus gst and outgoings
Three (3) year lease commencing 1 July 2018 no further terms
Building area 197.04sqm approx


443 Nepean Highway Chelsea

Leased to Adams Services Pty Ltd - Pharmacy
Month to month tenancy
Current rent $34,716 plus gst and outgoings
Building area 89.16sqm approx