14 Riddell Pde.
ELSTERNWICK
Introduction
Allard Shelton are pleased to offer for sale 14 Riddell Parade, Elsternwick by Public Auction on Thrusday 22 May at 12:30pm on-site.
A great entry level opportunity to acquire an extremely well positioned retail property in the highly sought-after suburb of Elsternwick.
The property comprises a ground level retail shop of approximately 41 square metres.
The property currently holds a secure lease as a denture clinic, presenting a fantastic investment opportunity.
We strongly recommend this property for your consideration.
GLEN HUNTLY ROAD
14
RIDDELL PARADE ELSETRNIWICK*
RIDDELL PARADE
14 Riddell Parade, Elsternwick offers a great investment opportunity for the savvy investor looking for an opportunity to set foot in the Elsternwick retail precinct.
CURRENT INCOME
$19,625 PER ANNUM*
BUILDING AREA
41 SQM*
FRONTAGES
2.88 METRES* TO RIDDELL PARADE
LOCATION
LOCATED JUST 25 METRES* TO POPULAR GLEN HUNTLY ROAD THE PROPERTY PROVIDES EVERYTHING AT YOUR DOORSTEP.
ZONING
COMMERCIAL 1 ZONE
*Approx.
AGENTS
DAMIAN DE SILVA 0404 446 222
damiandesilva@allardshelton.com.au
TONY NGUYEN 0468 891 511 tonynguyen@allardshelton.com.au
“ The property benefits from its position in the heart of Elsternwick, a suburb known for its charm and lively atmosphere”
Location
The subject property enjoys a prominent position on the eastern side of Riddell Parade, near the corner of Glen Huntly Road, in the highly sought-after suburb of Elsternwick.
Conveniently located just 8 kilometres east of Melbourne’s CBD, the property is situated within a thriving retail precinct which boasts a plethora of quality retailers and businesses including:
• CBA, ANZ, BOM, Westpac Coles supermarket Chemist Warehouse
• Grill’d Bakers Delight Betty’s Burger
• Officeworks
And many others.
The provision of ample on street parking also assist in supporting this precinct as a shopping and lifestyle destination.
ACCESSIBILITY
The area is also extremely well serviced by public transport facilities with trams traversing Glen Huntly Road and Elsternwick Train Station only 150 metres (approx.) to the west of the property.
The property benefits from its close proximity to main roadways including Orrong Road, North Road and Nepean Highway.
GLENHUNTLYROAD
14
RIDDELL PARADE
ELSTERNWICK
RIDDELLPARADE
Property Description
The subject property is situated on the eastern side of Riddell Parade, approximately 25 metres* from Glen Huntly Road and with a frontage to Riddell Parade. Elsternwick is a bustling suburb, just 8 km* east of the Melbourne CBD.
14 Riddell Parade Elsternwick
BUILDING AREA
41 square metres*
ZONING Commercial 1 Zone
CURRENT INCOME
$19,625 per annum*
TITLE PARTICULARS
The property known as 14 Riddell Parade, Elsternwick is legally described as follows:
Unit 8 on STRATA Plan 029627P Volume 09843 Folio 786
Tenancy Details
14 Riddell Parade Elsternwick
Retail Shop
Lessee: V.H. Dental Pty Ltd
Building Area: 41 sqm*
Rental: $19,625 per annum* (plus GST)
Lease Term: Three (3) years
Commencing: 26/08/2015
Further Terms: Three (3) Year from 1/09/2027
Rent Reviews: CPI Per Annum /Market Review at option
Outgoings: Partly payable by Lessor
* Approx.
Method of Sale: Auction Thursday 22 May at 12:30pm on-site
Deposit: 10% on signing of Contract of Sale
Balance: 30/60 days from day of Sale
Inspections: By Appointment
AGENTS
DAMIAN DE SILVA 0401 446 222 daminadesilva@allardshelton.com.au
TONY NGUYEN 0468 891 511 tonynguyen@allardshelton.com.au
Level 3, 267 Collins Street Melbourne 3000 allardshelton.com.au 03 9654 3222
DISCLAIMER
The information contained in this report is published by Allard Shelton Pty Ltd to assist potential purchasers in deciding whether or not they wish to make further enquiries with respect to the property and should not be used for any other purpose. It is not intended that any of the information contained in this report will constitute any representation or offer by the Vendor or by Allard Shelton Pty Ltd. On contrary, prospective purchasers should obtain their own advice and make their own enquiries to satisfy themselves as to the correctness of the information. In particular, all prospective purchasers should check and independently verify all descriptions, dimensions, references to conditions and necessary permissions for use and occupation and any related statements. Information in this report which has been provided to Allard Shelton Pty Ltd by others is passed on to prospective purchasers without any steps having been taken to independently verify the information and accordingly Allard Shelton Pty Ltd gives no warranty to its accuracy. This report is provided to the recipient on a confidential basis and is not to be re-supplied to any other person without the prior written consent of Allard Shelton Pty Ltd. The content of this report and the contract documents may be varied by subsequent versions. On the day of Sale prospective purchasers should check that they are satisfied with all documentation.