Stonebridge Property Group is pleased to present for sale 24 Riddell Parade, Elsternwick.

The key highlights of the opportunity include:

• Favourable 10-year lease to the highly rated hospitality/bakery tenant ‘To Be Frank’
• The Elsternwick ‘To Be Frank’ bakery offers a retail, takeaway and wholesale service with the store boasting a strong 4.6* star Google review.
• The well-designed shop spans 164 sqm* of prime retail space with the convenience of 2 on-title car parks and storage.
• Strategically located 65m* from the thriving Glen Huntly Road retail precinct, 100m* from Elsternwick train station & major council car park.
• With 11.8m* of street frontage + 15.4m* of laneway frontage the property (and tenant) enjoys high levels of exposure to passing foot ‘& vehicle’ traffic.
• The property occupies the ground floor space of the recently developed (2021) Park Lane project - an 11-storey complex comprising 24 luxury apartments designed by award winning architects Jackson Clements Burrows.
• Providing annual income of $93,896 + GST + Outgoings with fixed 3% rental increases.
• The Elsternwick retail precinct is home to a number of major retailers and local favourites, notably Coles, McDonald's, Guzman Y Gomez & Carter Lovitt.
• Direct proximity to public transport (Tram, Train & Bus) in addition to an affluent surrounding demographic drive retail trade within the tightly held precinct.
• Elsternwick is located within the City of Glen Eira, just 8.1km from the Melbourne CBD and boasting a median house price of $2,015,000.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.