29-31 Ranelagh Drive
MOUNT ELIZA, VIC 3930

Double Fronted Peninsula Opportunity

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.