Sold
Multi-Tenanted Mornington Peninsula Investment Anchored by Non-Discretionary Tenants
100-102 Mount Eliza Way, Mount Eliza VIC
Stonebridge Property Group is pleased to present for sale 100-102 Mount Eliza Way, Mount Eliza.
- A commanding double fronted Mt Eliza Village investment, anchored by non-discretionary tenants Bendigo Bank and Village Gourmet Meats
- 76% of total income is derived through essential tenants, Bendigo Bank and Village Gourmet Meats with leases through to Jan-26 and Sep-25 respectively
- Strong fundamentals include, 454 sqm* of underlying land, 12 m* of valuable retail village frontage and rear access to free council car park
- Flexible double level, arcade style building with through access from Mt Eliza Way to rear carpark
- The rear of the property has been strategically activated for additional retail use due to the strong rear exposure to free council car park
- Providing annual income of $246,585* + GST + Outgoings through 5 separate tenancies
- Located in the centre of the tightly held Mt Eliza Village, opposite major shopping centre (Ritchie’s Village – IGA) and in close proximity to major banks (CBA & NAB), Woolworths, popular cafes and grocers
- The highly convenient shopping village boasts some of the lowest retail vacancy within metropolitan Melbourne (often sub 2%), highlighting tenant demand and future possibilities for
rental growth - Mt Eliza is located 45 minutes* from the Melbourne CBD on the Port Phillip Bay coastline of the popular Mornington Peninsula
- The affluent suburb boasts a median house price of $1,630,000* and is home to elite private school Peninsula Grammar
*Approximately
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.