342 & 342a Orrong Road,
Caulfield North, VIC 3161

Two adjoining single level retail shops to be sold together leased to long standing tenants. The property is well located within a tightly held retail strip with scope for rental growth and presents a rare opportunity to secure two retail investments within a well regarded retail strip.

342 Orrong Road comprises an approximate area of 38 sq.m. and is leased until 30/11/2012 and currently returning $16,800 per annum net and 342A Orrong Road comprises an area of approximately 45 sq.m. and is leased until May 2012 with a further three year option and is currently returning $22,279 per annum net. The property provides a current return of approx $39,079 per annum net.

342 & 342A Orrong Road is located on the eastern side of Orrong Road near the corner of Alma Road with the closest major intersection being that of Dandenong and Orrong Road. The property is prominently positioned within a well regarded tightly held local retail strip comprising of cafés, restaurants, boutique stores and strongly supported by Foodworks.

The property is located approximately 9km* south east of the Melbourne CBD within the municipality of the Glen Eira City Council. Orrong Road is a very busy throughfare that runs ina north/south direction from Toorak to Elsternwick and provides good access to the CBD and all areas of Melbourne via established arterial routes such as Dandenong Road, Princess Highway and Queens Road.

Furthermore the property is in close proximity to the following facilities:
- Close to trams and extensive bus services within the surrounding area
- Easy access to Princess & Nepean Highways;
- Close to recreational facilities such as Caulfield Racecourse, Alma Road Neighborhood House, Alma Sports Club;
- In close proximity to Cabrini and Alfred Hospitals.