THE RED HILL VILLAGE SHOPPING CENTRE | FULLY LEASED INVESTMENT ON SIGNIFICANT 1,680 SQM LAND HOLDING

Fitzroys in conjunction with Jacobs & Lowe are pleased to present The Red Hill Village Shopping Centre located at 137 Shoreham Road, Red Hill for sale via Expressions of Interest closing Wednesday 22nd April at 1:00pm.

The key highlights of this opportunity include:

•  Strategic freehold investment underpinned by 7 separately-titled retail shops
•  Rare Commercial 1 Zone land parcel of 1,680sqm* providing scope for future development (STCA)
•  Fully leased with net income of $190,322* p.a plus GST
•  Located in the tightly held Red Hill lifestyle precinct anchored by the Red Hill Cellar & Pantry, The Epicurean, Australia Post, Endota Spa and Red Hill Pharmacy
•  Highly accessible village location with significant council car parking available
•  Substantial improvements with a combined total building area of 576sqm*
•  Within Melbourne's premier holiday and tourist destination on the Mornington Peninsula famous for its beaches, estates and wineries including Pt Leo Estate, Montalto, Paringa Estate and many more
•  Underpinned by a wide catchment of Victoria's premier holiday destinations Red Hill, Balnarring, Merricks, Main Ridge through to Sorrento and Portsea
•  The Mornington Peninsula attracts 8 million** visitors per year, making it one of the most visited regional destinations in Victoria

The Red Hill Village Shopping Centre presents a rare strategic opportunity with multiple income streams, strong potential for value-add or future development (STCA)

For further information or an inspection please contact the exclusive selling agents, Fitzroys and Jacobs & Lowe.

*Approx
**(Mornington Peninsula Business)

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