384A Nepean Highway, Chelsea, Vic 3196

For Sale via Public Auction on the 20th of June at 12pm.
The next Open for Inspection is Thursday 13th June at 9.30am. Please register your interest to attend.

POINT OF INTEREST:

Investing in property always has some degree of risk, but when you consider a recently leased Bayside asset to the Parliament of Victoria — this is a foolproof move. Sitting directly within Chelsea’s main retail, grocery, and hospitality high street (and doors away from the popular Castello's Longbeach Hotel), this recently re-developed 148 sqm* retail asset immediately attracted a myriad of tenants hoping to occupy. It was ultimately leased to the Parliament of Victoria with a five-year term for $66,000 per annum, a fair exchange considering the dual-street frontage to Nepean and the rear Avondale Lane where 2 car parks sit, plus the brand new shop front, air conditioning system, suspended ceiling, lighting, kitchen and bathroom amenities. A busy thoroughfare at all times, peaking in summer, and for the locals to collect their necessities, Chelsea Beach is only a few minutes walk from here, and the train station is a cruisey five-minute walk too.

- Leased to Parliament of Victoria on a 5+5+5 year lease from February 2024.
- $66,000 per annum in gross leasing income.
- Suit 5.5-6% yield investors. 
- Redeveloped to Parliamentary specifications.
- 148 sqm* total building area with comprehensive fit-out throughout.
- 229 sqm* total land area.
- Commercial 1 zoning.
- 2 on-site car spaces at the rear.
- Over 100 car spaces in close proximity.
- 300 m* to Chelsea railway station.

POINT OF VIEW:

Chelsea is already predicted to be the new Mordialloc, and by investing in a piece of its main retail and hospitality strip, you’re getting three steps ahead. Coincidentally, the beach is only a few extra steps down that path from here too.

*Approx.
Pricing excludes GST