420 Nepean Highway , Chelsea

150.00m2
Retail
Contact Agent

A GEM OF AN INVESTMENT TO A LONG-STANDING TENANT

** SOLD **

Gross Waddell ICR is pleased to offer this thriving retail investment in a high demand beachside locale, as part of the ‘The Neighbourhood Collection’.

https://signatureauctionseries.com.au/

• Situated in one of Chelsea’s most desired locations with a 2 street frontage

• Recently renewed 4 + 4 + 4 year lease to a long-standing tenant

• Significant rental return generating $38,316 net per annum*

• Favourably zoned C1Z and providing significant value-add or development upside (STCA)

• 221 sqm* of land with rear lane access and immediate access Woolworths supermarket and Chelsea Beach Arcade

• Directly opposite Chelsea train station offering unparalleled accessibility

• Pristine beachside suburb offering endless summertime enjoyment

• Thriving median house price of $1,240,000 (source REIV)

The property is to be sold via Public Auction as part of the ‘The Neighbourhood Collection’ and held at Leonda by the Yarra from 11 am on Thursday the 13th of October 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.

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Level 1, 30 Collins Street
Melbourne VIC 3000