Prominent Investment in Vibrant City Fringe Retail Strip leased to Longstanding Tenant
297 Racecourse Road
Kensington
263.00m2
Retail
Gross Waddell ICR in conjunction with Australian Professionals Property Service is delighted to present this exciting retail investment opportunity, positioned in the heart of Flemington Village, a retail strip offering diverse range of tenants including cafés, service retail and specialty stores in a high-traffic, community-focused location.
Previously home to an ANZ bank, the premises have been repurposed as a prominent Chinese restaurant brand boasting seven outlets across Melbourne.
Featuring flexible zoning, commanding conner position and easy access to all transport options, the property provides future redevelopment or repositioning potential (SCTA). Property highlights include:
• Leased to hospitality tenant trading as “I Love Dumplings”
• Rental of $89,975*p.a. + Outgoings and GST
• Lease Term of 5 years (comm Dec 2023) + 5 year option
• Part 2 level improvement of 263sqm* plus 3 onsite car parks
• Commercial (C1Z) landholding of 308sqm* featuring triple frontage
• Located in the heart of Flemington Village retail strip abutting Pridham Plaza
For Sale via Expressions of Interest closing Friday 12th December at 2:00pm (AEDT).
For more information or to arrange an inspection, please contact the below:
Andrew Greenway 0409 547 626
Alex Ham 0410 545 226
*approximate
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