297 Racecourse Road,
Kensington, VIC 3031
Shops & Retail
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Land area
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
297 Racecourse Road
Kensington, VIC 3031
Map of 297 Racecourse Road
Prominent Investment in Vibrant City Fringe Retail Strip leased to Longstanding Tenant
***SOLD***
Gross Waddell ICR in conjunction with Australian Professionals Property Service is delighted to present this exciting retail investment opportunity, positioned in the heart of Flemington Village, a retail strip offering diverse range of tenants including cafés, service retail and specialty stores in a high-traffic, community-focused location.
Previously home to an ANZ bank, the premises have been repurposed as a prominent Chinese restaurant brand boasting seven outlets across Melbourne.
Featuring flexible zoning, commanding conner position and easy access to all transport options, the property provides future redevelopment or repositioning potential (SCTA). Property highlights include:
• Leased to hospitality tenant trading as “I Love Dumplings”
• Rental of $89,975*p.a. + Outgoings and GST
• Lease Term of 5 years (comm Dec 2023) + 5 year option
• Part 2 level improvement of 263sqm* plus 3 onsite car parks
• Commercial (C1Z) landholding of 308sqm* featuring triple frontage
• Located in the heart of Flemington Village retail strip abutting Pridham Plaza
For Sale via Expressions of Interest closing Friday 12th December at 2:00pm (AEDT).
For more information or to arrange an inspection, please contact the below:
Andrew Greenway 0409 547 6...
Alex Ham 0410 545 2...
*approximate
Gross Waddell ICR in conjunction with Australian Professionals Property Service is delighted to present this exciting retail investment opportunity, positioned in the heart of Flemington Village, a retail strip offering diverse range of tenants including cafés, service retail and specialty stores in a high-traffic, community-focused location.
Previously home to an ANZ bank, the premises have been repurposed as a prominent Chinese restaurant brand boasting seven outlets across Melbourne.
Featuring flexible zoning, commanding conner position and easy access to all transport options, the property provides future redevelopment or repositioning potential (SCTA). Property highlights include:
• Leased to hospitality tenant trading as “I Love Dumplings”
• Rental of $89,975*p.a. + Outgoings and GST
• Lease Term of 5 years (comm Dec 2023) + 5 year option
• Part 2 level improvement of 263sqm* plus 3 onsite car parks
• Commercial (C1Z) landholding of 308sqm* featuring triple frontage
• Located in the heart of Flemington Village retail strip abutting Pridham Plaza
For Sale via Expressions of Interest closing Friday 12th December at 2:00pm (AEDT).
For more information or to arrange an inspection, please contact the below:
Andrew Greenway 0409 547 6...
Alex Ham 0410 545 2...
*approximate
Kensington, 3031 demographic data
10,745
Population
$2,216 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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