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237-239 High Street
Ashburton VIC 3147
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Sold on 19 Jun 2024

237-239 High Street Ashburton VIC 3147

  • Shop & Retail
  • 1 m²
  • Sold

Asking Price $3.1million, Blue-Chip Metro Melbourne Freehold Investment

    Burgess Rawson is pleased to offer to the market 237-239 High Street, Ashburton VIC for sale via Private Treaty

    The property has the following key investment highlights:

    + Fully leased investment, anchored by renewed retail leases to long term & established food tenants in Chicken Central and Anne's Pantry plus two 1-bedroom apartments.
    + Chicken Central: A renowned fast-food chain in Melbourne, Chicken Central provides food delivery and dine-in options at four strategically located outlets.
    + Anne's Pantry: Established in 1929, Anne's Pantry specializes in dine-in experiences and large-scale catering, currently serving patrons at five Melbourne venues with another location set to open soon.
    + Landlord-favourable, set-and-forget net lease structures with tenants responsible for all usual outgoings excluding Land Tax.
    + Prominent double-fronted freehold building covering 457 sqm*, boasting substantial underlying land value.
    + Tenant funded, capital intensive retail fit-outs plus recently refurbished 1-bedroom apartments.
    + Exposure to High Street, a major metro Melbourne commuter road serviced by major arterials including Monash Freeway/City Link and Warrigal Road - over 22,000 vehicles passing the property daily**.
    + Important rear lane access and 4 on-site car parking spaces additional abundance of free public car parking available directly behind the property.
    + Positioned within the heart of 'Ashburton Village', a high performing retail precinct servicing an affluent catchment of Melbourne's highly sought after suburbs Glen Iris, Malvern East, Camberwell and Ashburton.
    + Rapidly growing catchment with a number of medium and high density apartment projects in proximity in different stages of planning and construction.
    + Excellent public transport amenity nearby including Ashburton Train Station within 200m*.
    + In close proximity to an array of national tenants, with IGA, Bakers Delight, Domino's, F45, BFT, Snap Fitness and Shell Coles Express all within 200m*.
    + Ashburton: 10km* from CBD, affluent southeast Melbourne growth suburb with a median house price of $2,100,000***.
    + Net income: $146,653 pa* + GST

    To be sold by Private Treaty

    *Approximately
    **GapMaps
    ******

    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold19 Jun 2024
    Floor Area1 m²
    Land Area457 m²
    ParkingAsk Agent
    Property ID2019185241
    Category
    Last updated  21 Jun 2024
    Map for 237-239 High Street Ashburton VIC 3147
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold19 Jun 2024
    Floor Area1 m²
    Land Area457 m²
    ParkingAsk Agent
    Property ID2019185241
    Category
    Last updated  21 Jun 2024

    Co-Agents

    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083
    Zomart He 何梓轩
    Burgess Rawson VIC Pty Ltd
    Call
    0488 220 830

    More about 237-239 High Street Ashburton VIC 3147

    237-239 High Street Ashburton VIC 3147 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 457 m². The listing ID for this property is 2019185241.

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