Nichols Crowder is delighted to offer for sale this stunning corner property at 329 Glenhuntly Road Elsternwick.

The key attributes of this fantastic property include:

* Prominent corner building
* First time offered in over 40 years
* Lease expiry May 2020 (no options)
* Leased to Child & Adult toy store - have been in tenure for over 30 years
* Net rental of $81,586 per annum
* Two storey building of 278sqm approximately
* Fantastic off street car parking
* Highly affluent, sought after location with median house price of $1,610,000
* 200 metres from Elsternwick station

FIRST FLOOR DWELLING
* Original three (3) bedroom apartment
* Brilliant natural light throughout
* High ceilings
* Includes kitchen and toilet
* Separate access from shop

FUTURE POTENTIAL
* Future owner occupation upside - prized corner site
* Refurbishment
* Hold as an investment
* Split income via two tenancies

This truly is a unique and rare opportunity to secure a large parcel of Commercial 1 zoned land with endless flexibility on the property.

329 Glenhuntly Road, Elsternwick will be for sale via Public Auction on Thursday, 2 November 2017 at 12.00 noon on site.

Open for inspection times available by request or as shown.

For further information contact:
JAMES GLEN - 0401 493 2...
jamesg@nicholscrowder.com.au

SALLY-ANNE MCQUILLAN - 0400 203 203
sallyanne@nicholscrowder.com.au

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.