176-178 Victoria Street, Seddon, Vic 3011

For Sale via Expressions of Interest Closing Wednesday 26th March at 5pm (AEDT)

This rare investment opportunity offers an outstanding chance to secure Seddon's best retail asset, The Happy Apple which is a traditional Greengrocer has multiple store locations around Melbourne, offering great in store experience and quality produce while superbly located in the heart of Victoria Street's retail hub. The Happy Apple is a staple in the humble suburb of Seddon, this proven asset provides a secure income of $380,000* per annum. net with an ongoing lease until 2038.

Ideally positioned at 176-178 Victoria Street in Seddon, this location seamlessly combines urban convenience with a welcoming neighbourhood vibe. Only 7km* from Melbourne's dynamic CBD, this addess ensures easy access to the city's core.

Key Highlights:

- Rent: $380,000* p.a. + outgoings + GST
- 25 years lease: 10 + 5 + 5 to long-standing reputable tenant with multiple locations
- Commenced 1st October 2023
- Reviews: 3% p.a. active from Oct 2026
- Options: five (5) + five (5) + five (5) years
- 100% leased to The Happy Apple
- Tenant liable for all outgoings under the lease
- Vibrant inner city freestanding investment class
- Land area: 1,003sqm*
- Building area: 990sqm*
- Located in the heart of Victoria Street
- 24m* frontage to Victoria Street
- Two street frontages, delivery access from Vigo Street plus multiple lane accesses from Gledhill Street and Windsor Street
- Seddon's population forecast is continuing to grow by a further 30%* by 2051
- The flexible commercial 1 zoning (C1Z) provides future development upside allowing for Multi-Level Construction (STCA)

For Sale via Expressions of Interest Closing Wednesday 26th March at 5pm (AEDT)

*Approx.