Nichols Crowder is thrilled to present to the market, an exceptional investment opportunity located in the highly sought-after retail strip of Main Street, Mordialloc. This property offers immense potential for investors (and rental uplift), with a current lease in place until August 2026 (including options)
Main Street in Mordialloc is renowned as one of the most desirable and tightly held retail destinations in Melbourne's South-east. This vibrant strip is home to a range of outstanding businesses, many of them hospitality that attract a catchment far and wide within the South-East
Convenience is key, as the property is just moments away from the train station, providing easy access for both customers and tenants. The ample service road parking further enhances its appeal.
Key features include:
* Leased to long-term tenant Excite Health and Fitness
* Popular business with a great following, 5-star rating and over 20+ Google reviews
* Strong net income of $72,000 p.a. + Outgoings (excluding land tax)
* The property is leased on a 1 year term until August 2024 with two further options of 1 year each - So tied up until August 2026 with no further options
* Favourable commercial 1 zoning, exciting future development/land bank opportunities (STCA)
* Fantastic two (2) level freehold of 196sqm*
* The Victorian Government has released high level concept designs and other project documents on the Mordialloc level crossing removal, these can be accessed at:
https://engage.vic.gov.au/lxrp-mordialloc-and-aspendale
* Mordialloc is regarded as Bayside's most sought-after retail strip for tenants due to its high residential catchment (50,000 + people) that frequent this strip and stones' throw away from the beach
For further details or to arrange an inspection please contact:
Matt Nichols 0418 186 488
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease
