32-34 Mount Eliza Way Mount Eliza VIC 3930

Stonebridge Property Group is pleased to present for sale 32-34 Mount Eliza Way, Mount Eliza.

The key highlights of the opportunity include:

- Ultra exposed hospitality venue with underlying fundamentals that support a future mixed use development.

- 100% leased by experienced hospitality group trading as Ezra & Ezra Next door.

- The strategic tenant boasts two hospitality components that provide multiple sources of income Ezra is focused on fine dining, whilst Ezra Next Door offers a café, brunch/lunch service + bar.

- Providing annual income of $280,000 + GST* through a 5-year net lease with annual CPI increases.

- Positioned on a high exposure triple fronted corner with 65m* frontage, surplus land and 577sqm of underlying C1Z land.

- The property has proven development upside, with approved plans and permits for a future development upper levels boast panoramic Port Phillip Bay views.

- Mt Eliza is regarded one of Mornington Peninsula's most affluent suburbs with a median house price of $1,600,000 and median household income 34% above greater Melbourne. This level of affluence supports hospitality in the immediate area.

- Mt Eliza Way is the retail backbone of Mt Eliza, bolstered by free car parking, major supermarkets Woolworths and IGA in addition to an eclectic mix of retail and service businesses.

- Directly benefiting Mt Eliza is the thriving tourism industry of Mornington Peninsula. In the year ending Oct-24 over $1.8b was injected into the local economy through tourism.

32-34 Mount Eliza Way, Mount Eliza is for sale via Expression of Interest Closing Thursday 27th March 2025 at 3PM (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Ian Lam
0416 621 859

Rorey James
0439 400 081

*Approximately

Property Code: 1185