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2. Property Highlights

PREMIUM RETAIL ASSET IN HIGH PROFILE LOCATION
  • SECURELY LEASED TO THE HAPPY APPLE
  • RENT: $380,000* P.A + GST + OUTGOINGS
  • 25 YEAR LEASE - 10 + 5 + 5+ 5

iDeal Commercial are pleased to offer this exceptionally rare investment opportunity to the market by Expression of Interest closing Wednesday 6th March at 2pm.

This unique investment is leased to one of Melbourne's well known traditional greengrocer and food store "The Happy Apple", which has multiple store locations around Melbourne.

Key investment details are as follows:

- Rent: $380,000* p.a + GST plus outgoings
- New 25 Year Lease - 10 + 5 + 5 + 5 year lease
- Reviews: 3% p.a from October 2026
- Tenant liable for all outgoings under the lease
- Reputable tenant with multiple locations across Melbourne
- Land Area: 1,003 sqm*
- Building Area: 990 sqm*
- 24 metre* frontage to Victoria Street
- Two street frontages plus delivery access from Vigo Street
- High exposure position
- Commercial 1 Zoning (C1Z) providing future development upside (STCA)
- Strategically surrounded by schools and an established and growing residential catchment only 7km west of Melbourne's CBD.
- 3.7km approx. from the new Metro Tunnel's western entrance in Kensington. The new tunnel will create a new end-to-end rail line from Subury in the west to Cranbourne/Pakenham in the south-east. Anticipated completion is 2025
- 650m approx. from Seddon Square - a brand new, multi-stage development comprising 77 one, two and three bedroom homes.
- 3.5km from Bradmill Yarraville - spanning 26 hectares the precinct will offer homes, parks and new places for shopping, dining and community cohesion.
- 2.5km approx. from the New Footscray Hospital - Victoria's biggest health , infrastructure project to date with the Labor Government investing $1.5 billion to deliver world-class health for Melbourne's west. Completion is anticipated for 2025
- The new hospital will be linked with Victoria University by a footbridge over Blackburn Road creating a health and education precinct.


For more information or to arrange an inspection, please contact the exclusive agents below.

*approx.

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3. Property Location

176-178 Victoria Street, Seddon VIC 3011