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Gross Waddell ICR Pty Ltd - Melbourne

9-15/96 Edwards Road Kennington, VIC 3550

9-15/96 Edwards Road,
Kennington, VIC 3550

Shops & Retail

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Sold

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Key property information

Land area

Floor area

Tenure type

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Gross Waddell ICR Pty Ltd - Melbourne
Alex Ham
Andrew Greenway

Gross Waddell ICR Pty Ltd - Melbourne

Level 1, 30 Collins Street
MELBOURNE, VIC 3000
Gross Waddell ICR Pty Ltd - Melbourne
9-15/96 Edwards Road
Kennington, VIC 3550

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UNLOCK THE POSSIBILITIES – 5 PRIME SHOPS ACROSS 7 TITLES PLUS ASSOCIATED CAR PARKING

  • Untapped future possibilities
  • Holding income with ‘Value Add’
  • Very tightly held retail precinct
** SOLD **

Gross Waddell ICR is pleased to present for the first time Shops 9-15, 96 Edwards Road, Bendigo (Kennington).

Key property highlights Include:

• 5 shops plus land totalling 2,209 sqm*

• Strong trading and well established mix of tenants including Bendigo Bank

• Onsite parking on title for 27 cars

• Current combined rental of $142,017* p.a. allowing for substantial future rental growth

• Multiple ‘value add’ options - renegotiate leases, develop (STCA) or sell down

• Huge frontage and exposure to Edwards Road of 40m*

• Commercial 1 Zone (CZ1)

• Strong retail trade catchment and surrounded by national tenants including Aldi, Woolworths, IGA, McDonald’s, KFC, Ampol plus many more

Shops 9-15, 96 Edwards Road, Kennington is being offered for sale via an Expressions of Interest campaign, closing on Thursday 7th March 2024 at 3pm.

To obtain further information or to arrange an inspection, please contact the team at Gross Waddell ICR directly.

*Approx.

Property ID: 504509884Last Updated: 23 Apr 2024

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