Stonebridge Property Group is pleased to present for sale 140 & 142A Martin Street, Brighton, a rare freehold supermarket located in one of Melbourne’s most prestigious Bayside suburbs.
The key highlights of the opportunity include:
- 100% tenanted by highly popular supermarket, Grape & Grocer, on a renewed 9-year net lease
- Boasting a strong 40+ year track record of supermarket trading success
- The central Martin Street Village landholding spans 597 sqm*, with the freehold interest of 140 Martin Street making up 375 sqm*
- Tenants enjoy exposure via 18 m* of Martin Street frontage and benefit from highly accessible rear lane access
- The prominent building spans 480 sqm* of prime open plan retail space
- Next to Gardenvale Station (30 m*), Star of the Sea College (470 m*) and various other popular retailers, driving foot traffic to the thriving retail village
- Brighton is a premier Bayside suburb and one of the most affluent in Victoria, currently boasting a median house price of $3,174,250^
- Benefiting from strong 4% fixed annual rental increases
140 & 142A Martin Street is offered for sale via Public On-site Auction on Friday 8th December 2023 at 12:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Sarah Xi ???
0468 320 297
Rorey James
0439 400 081
Stonebridge are selling the freehold interest ONLY of 140 Martin Street, however there is a leasehold interest with Vic Roads for the premises of 142A Martin Street, which is leased to the vendor of 140 Martin Street and on lease to Grape & Grocer.
For further details on this agreement, please contact the selling agents.
*Approximately
^Source: RealEstate.com
Property Code: 809