29-31 Ranelagh Drive, MOUNT ELIZA, VIC, 3930

Fitzroys is delighted to offer 29-31 Ranelagh Drive, Mt Eliza for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.

Key attributes:

- Highly sought after Mornington Peninsula location

- Land area of 192sqm*

- Exceptional frontage of 8.7 metres* to Ranelagh Drive

- Returning $42,000* per annum plus outgoings and GST

- Potential fully leased rental of circa $80,000 per annum

Lease Details:

31 RANELAGH DRIVE

Term: New 5 + 5 + 5 year lease to ‘The Famished Wolf’

Rental: $42,000* per annum

29 RANELAGH DRIVE

Vacant Possession

- Potential for sub division and/or additional first level (STCA)

- Rear access plus abundance of public car parking options

- Favourable Commercial 1 zoning providing future development upside (STCA)

- Strong local demographic of high disposable income, boasting a median house price of $1,760,000 (www.realestate.com.au April 2022)

- Exceptional opportunity to acquire a versatile freehold in the tightly held Mt Eliza retail village, anchored by Eliza Square Shopping Centre as well as a plethora of recognised National and local traders

FOR SALE BY PUBLIC AUCTION AT LEONDA BY THE YARRA, HAWTHORN, THURSDAY 23RD JUNE COMMENCING 11.00AM

*approx.

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