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Fitzroys - Melbourne

29-31 Ranelagh Drive Mount Eliza, VIC 3930

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29-31 Ranelagh Drive,
Mount Eliza, VIC 3930

Shop & Retail

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Fitzroys - Melbourne
Tom Fisher
Chris Kombi
Mark Talbot

Fitzroys - Melbourne

Level 27, 360 Collins Street
MELBOURNE, VIC 3000
Fitzroys - Melbourne
29-31 Ranelagh Drive
Mount Eliza, VIC 3930

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Double Fronted Peninsula Opportunity

  • 2 Shops On 1 Title
  • Extensive Frontage Of 8.7 Metres*
  • Tightly Held Village Location
Fitzroys is delighted to offer 29-31 Ranelagh Drive, Mt Eliza for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.

Key attributes:

- Highly sought after Mornington Peninsula location
- Land area of 192sqm*
- Exceptional frontage of 8.7 metres* to Ranelagh Drive
- Returning $42,000* per annum plus outgoings and GST
- Potential fully leased rental of circa $80,000 per annum

Lease Details:

31 RANELAGH DRIVE
Term: New 5 + 5 + 5 year lease to ‘The Famished Wolf’
Rental: $42,000* per annum

29 RANELAGH DRIVE
Vacant Possession

- Potential for sub division and/or additional first level (STCA)
- Rear access plus abundance of public car parking options
- Favourable Commercial 1 zoning providing future development upside (STCA)
- Strong local demographic of high disposable income, boasting a median house price of $1,760,000 (www.realestate.com.au April 2022)
- Exceptional opportunity to acquire a versatile freehold in the tightly held Mt Eliza retail village, anchored by Eliza Square Shopping Centre as well as a plethora of recognised National and local traders

FOR SALE BY PUBLIC AUCTION AT LEONDA BY THE YARRA, HAWTHORN, THURSDAY 23RD JUNE COMMENCING 11.00AM

*approx.

Additional information

Property ID: 504078999Last Updated: 4 Aug 2022

Fitzroys - Melbourne
Level 27, 360 Collins Street
MELBOURNE, VIC 3000
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