INVEST NOW / DEVELOP LATER (STCA)
**AUCTION: THURSDAY 6TH MAY 2021 AT 12:30PM ONSITE**
Gross Waddell ICR is pleased to offer for sale this sizeable, high exposure retail site positioned on the corner of Glen Eira Road and Hotham Street, within the tightly held Ripponlea Village.
• An iconic, freestanding two level corner building of 838m²* consisting of seven shops and first floor offices – currently occupied by six tenants
• A prominent landholding of 716m²* with three street frontages:
- Glen Eira Road: 39m*
- Hotham Street: 18m*
- R.O.W.: 18m*
• Short term lease holdings allow for the ultimate flexibility to 'value add' or develop (STCA)
• Current income of $295,000* p.a.