AUCTION ON FRIDAY 23 AUGUST AT 12:30PM ON-SITE
205 Stud Road Wantirna South
205 Stud Road Wantirna South
INTRODUCTION
Allard Shelton are pleased to offer for sale 205 Stud Road, Wantirna South.
The property comprises a single level building, with a retail frontage to Stud Road of 5.64 metres* and a land allotment of 187.34 sqm*.
Further, the property sits within a popular neighbourhood retail strip, which comprises a variety of retail, professional services and hospitality businesses.
Located on the eastern side of Stud Road in Wantirna South, approximately 25km east of the Melbourne CBD.
The property is being offered for sale by Auction on Friday 23 August 2024 at 12:30pm
We strongly recommend this property for your consideration.
EXECUTIVE SUMMARY
This property provides a fantastic entry level investment in a thriving retail strip.
CURRENT INCOME
$50,964 PER ANNUM* + GST
STREET FRONTAGE
5.6M* TO STUD ROAD
5.6M* TO REAR LANEWAY
ZONING
Commercial 1 Zone
BUILDING AREA
86 SQUARE METRES*
LAND AREA
187 SQUARE METRES*
AGENTS
Joseph Walton 0417 309 347
Matt Giulieri 0407 851 206
Level 3, 267 Collins Street Melbourne, Victoria 3000
“Positioned in a prime retail location, within a vibrant & well supported neighbourhood retail strip.”
LOCATION
205 Stud Road, Wantirna South is located within a thriving neighbourhood retail strip, amongst a number of popular businesses and retailers including;
- IGA Supermarket
- Amcal Pharmacy
- Cellarbrations
- Australia Post
- Schokalade Cafe
- Studfield Charcoal Chicken
- O’Brien Real Estate
- Ray White Real Estate
- Harcourts Real Estate
- Barry Plant Real Estate
To name a few.
ACCESSIBILITY
The property also enjoys easy access to major arterial roadways including, Stud Road, Boronia Road and Burwood Highway , and provides easy access to the Eastlink road network.
PROPERTY DESCRIPTION
205 Stud Road, Wantirna South comprises a single level building or predominantely brick construction, with frontage to Stud Road and rear laneway frontage, which provides access for onsite parking.
205 Stud Road
Wantirna South
LAND AREA
187 square metres*
BUILDING AREA
86 square metres*
STREET FRONTAGE
5.6 metres* to Stud Road
5.6 metres* to rear laneway
ZONING
Commercial 1 Zone under the Knox Planning Scheme
TITLE DETAILS
Lot 1 on Plan of Subdivision 033328 Volume 08115 Folio 847
TENANCY DETAILS
205 Stud Road Wantirna South
Retail Shop
Lessee: Strawberry Cushion Pty Ltd trading as Brumby’s Bakery
Building Area: 86 sqm*
Rental: $50,964.96 per annum* (plus GST)
Lease Term: Five (5) years
Commencing: 01/04/2021
Further Terms: One (1) further term of five (5) years
Rent Reviews: Annual increases of 4% with Market Review at option
Outgoings: Payable by the Lessee
* approximately
Terms of Sale
Method of Sale: Public Auction
Date & Time: Friday 23 August 2024 at 12:30pm on-site
Deposit: 10% on signing of Contract of Sale
Balance: 30/60 days from day of Sale
Inspections: By Appointment
Joseph Walton 0417 309 347 Matt Giulieri 0407 851 206
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.