Take advantage of the rare opportunity to secure a retail freehold investment in the prime position of one of Melbourne’s most tightly held neighhbourhood retail strips. Key features include:
+ High Street, Ashburton is a tightly held neighbourhood predominantly retail strip occupied by daily needs retailers including small format supermarkets, specialty grocers, bakeries, liquor, cafes, delis, optometrists and medical services.
+ The strip benefits from abundant free at-grade public car parking and Ashburton Station.
+ Further, the strip is surrounded by a strong socio-economic catchment with a high proportion of high income families, and benefits from a lack of nearby competing strip retail centres.
+ The Montague Precinct is currently attracting significant investment including global build to rent giant Grey Star’s planned 700 plus apartment project.
+ Freehold land of 230 sq m*
+ Rear of land / building facing large public car park with scope to further activate this frontage in the future.
+ Single level retail building with scope for future value-add development.
+ Recently renewed lease to established news agency / TassLotto business at at rent of $64,000 pa plus GST & Outgoings
+ Outstanding future value-add opportunity.
For sale by public on site auction Friday 3rd September at 12:30pm on site.
* denotes approx.
For further information on this sale, contact the exclusive selling agents.