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29-31 Ranelagh Drive
MOUNT ELIZA, VIC 3930

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Property Description

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.

ZoneCommercial 1
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Consultant

Tom Fisher

M: 0417 980 824
E: fishert@fitzroys.com.au

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

Mark Talbot

M: 0409 222 411
E: talbotm@fitzroys.com.au

Property Information

Property ID
134119

Price
Contact Agent

Building
125m2