Retail

Grandfield Property Group is pleased to offer for sale this premium corner freehold at 221 Glen Huntly Road, Elsternwick.



Located on the ground floor of iconic 'Element' apartment complex with excellent corner exposure, this tenanted investment opportunity is positioned in the heart of Elsternwick retail shopping & entertainment precinct.



Key attributes of this investment include:



- Fully leased to longstanding highly rated Cafe & Restaurant tenant 'Mothers Instinct Eatery'

- 10-year lease from July 2015 with additional options until 2035

- Strong net annual income of $86,479.96 +GST+Outgoings with fixed annual rental increases

- Area: 130 sqm approx.

- Outstanding corner location with dual shop frontage exposure

- Excellent public transport including tram and bus stops at doorstep and Elsternwick Railway Station within walking distance

- Highly sought after location on Glen Huntly Road surrounded by leading national retailers, local renowned cafe & restaurants including Woolworth Metro, Coles, Commonwealth Bank, Grilled, Hanoi Hannah, Penta & Carter Lovett etc.



For Sale by Expressions of Interest closing Friday 26th November 2021 at 5pm.



For further information or to arrange a private inspection of the property please contact exclusive selling agents Grandfield Property Group Sales Team.