Burgess Rawson together with Kelemen Commercial is pleased to offer to market Scicluna's in Mentone for sale by Public Auction to be held on-site at 2pm (AEDT) on Friday 21 March 2025.
Key highlights include:
+ Long term tenant with lease option ending 2029 - No Further Option!
+ Scicluna's: trusted fresh produce family-owned stores in Tooronga, Sorrento & Mentone
+ Scicluna's Mentone, an institution since 2003
+ Boutique 687sqm* providore with usual supermarket offerings plus primo delicatessen
+ Ultra impressive fully sick rustic warehouse style tenant funded fit-out
+ Net lease, with tenant paying all usual outgoings as per the lease
+ Fixed 4% annual rent increases
+ Prime 725sqm* freehold site with dual 22 metre* retail frontage and clear visual exposure to Woolworths car park (rear)
+ Activity Centre 2 Zone, ripe for development (STCA)
+ High-exposure location with strong foot traffic and accessibility, opposite Mentone railway station
+ Mentone: affluent south-east Bayside suburb, some 21 klms from Melbourne CBD, annual economic output $1.625 billion**
+ Net Income: $245,670 pa* + GST
Public Auction held on-site
2 pm AEDT on Friday 21 March 2025.
For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.
Burgess Rawson
Raoul Holderhead
0413 860 304
Kelemen Commercial
Rudy Kelemen
0419 558 803
* Approx
** Remplan