82 Wellington Parade

East Melbourne VIC 3002

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82 Wellington Parade East Melbourne VIC 3002

Shop & Retail
155 m²
Commercial Auction

Prized East Melbourne Retail Investment Opportunity

First time offered in 59 years
Prime freehold restaurant & residence
Returning $74,508 + GST & outgoings

Savills is delighted to offer for sale this coveted East Melbourne retail freehold located at 82 Wellington Parade, East Melbourne.

The property is ideally positioned within one of Melbourne's most affluent suburbs and benefits from being situated directly opposite the MCG & Jolimont Train Station.

Key attributes of the property include:

Ideal double storey 155sqm* retail freehold
Prime 150sqm* landholding with rear access
Ideal open plan restaurant with kitchen and bathroom amenity on ground floor and two-bedroom residence on first floor
Leased to longstanding tenant 'Tadka Hut' in operation for 8 years
Returning $74,508 p.a + GST & outgoings on a 3 + 3 + 3-year lease with fixed 3% annual increases
Extremely tightly held retail strip with minimal transactional activity in the last 10 years
Affluent East Melbourne location boasting a median house price of $3,750,000^
Situated opposite the MCG & Jolimont Train Station

*Approximate ^***

For Sale by Auction on Wednesday 26 February at 10:30am On-Site

For further information please contact:

Beau Bakhtani - 0412 159 038
Julian Heatherich 0412 995 655
Benson Zhou 0458 488 888

AUCTION

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Auction date and time	26/02/2025 10:30
Auction location	82 Wellington Parade, East Melbourne VIC

Savills Melbourne

Level 29, South Tower, 80 Collins Street,

Melbourne, VIC 3000

Property Highlights

Floor Area	155 m²
Land Area	150 m²
Parking	On site parking available
Building Type	Whole building
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019744713
Category	Shop & Retail Development / Land
Last updated	23 Jan 2025

Map for 82 Wellington Parade East Melbourne VIC 3002

Nearest transport* to 82 Wellington Parade East Melbourne VIC 3002

Bus

Train

Tram

Ferry

Wellington Pde/Hoddle St (East Melbourne)	239 m
Bridge Rd/Hoddle St (Richmond)	271 m
West Richmond Railway Station/Hoddle St (East Melbourne)	306 m
West Richmond Railway Station/Hoddle St (Richmond)	314 m

*Within a 4km radius

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Savills Melbourne

Level 29, South Tower, 80 Collins Street,

Melbourne, VIC 3000

Property Highlights

Floor Area	155 m²
Land Area	150 m²
Parking	On site parking available
Building Type	Whole building
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019744713
Category	Shop & Retail Development / Land
Last updated	23 Jan 2025

Co-Agents

Savills Melbourne

Savills Melbourne

Savills Melbourne

More about 82 Wellington Parade East Melbourne VIC 3002

82 Wellington Parade East Melbourne VIC 3002 is categorized as Shop & Retail Property. It has a floor area of 155 m² and a land area of 150 m². The listing ID for this property is 2019744713.