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74 Wellington Parade East Melbourne, VIC 3002

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74 Wellington Parade,
East Melbourne, VIC 3002

Shop & Retail • Showrooms & Large Format Retail • Offices

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Absolute Prime East Melbourne Retail Corner Freehold

  • Super Prime Corner Retail
  • Exclusive East Melbourne Location
  • Significant Future Upside
Savills and M.G.O Property is delighted to offer For Sale by Public Auction this remarkable corner retail freehold in one of Melbourne’s most exclusive suburbs – East Melbourne.

The key attributes of 74 Wellington Parade include:

- A prime corner retail building of 235sqm* with three off-street car parks
- Fully leased to two tenants
- Ground Level – 5+5 year lease from Nov. 2013 / First Level – 3 year lease from Dec. 2012 (no options)
- Incredibly valuable landholding of 193sqm* (Commercial 1 Zoning)
- Total Net Rental: $95,576 per annum*
- Exceptional future upside potential with relatively low current rents and flexibility/value-add potential offered with level one
- Significant future development potential with an allowable height under DDO21A4 of 24 metres* (8 levels - STCA)
- A superb and tightly held retail location within one of Melbourne’s most affluent suburbs (Median house price: $1,862,500)
- Strong retail location as an extension of Bridge Road and a main arterial road into the CBD
- Situated directly opposite the MCG and Melbourne’s vast sporting precinct
- An unbelievable corner retail investment in a blue-chip location!

The opportunity to secure such a high quality freehold property at an accessible price point on the cusp of Melbourne’s CBD is exceedingly rare. Accordingly, we encourage prospective buyers to actively consider this exceptional opportunity.

74 Wellington Parade is For Sale by Public Auction on Friday 25 September at 12-noon on-site.

For further information, please contact:

Savills:
Julian Heatherich - 0412 995 6...
Benson Zhou - 0458 488 8...

M.G.O Property:
Martin O’Halloran 0417 545 344

Property ID: 501678397Last Updated: 15 Jun 2021

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74 Wellington Parade
East Melbourne, VIC 3002
Savills - Melbourne
Level 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
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