10 Year Lease to High Quality Delicatessen
Shop 1, 28 Riddell Parade, Elsternwick VIC

Stonebridge Property Group are pleased to present for sale Shop 1, 28 Riddell Parade, Elsternwick.

  • Well located 168sqm* retail premises with favourable 10-year lease to highly rated hospitality/catering business Hunter & Co. Deli (4.6 stars – Google)
  • Providing net annual income of $78,785* subject to 3% annual increases, with tenant responsible for all outgoings except land tax
  • The versatile tenant offers a dual business model with a full range of delicatessen produce & liquor available in store in addition to a successful take home meal & catering service
  • Hunter & Co. have invested in an online sales platform & delivery service to surrounding suburbs (total catchment area: 190,000 residents)
  • Located just a short 100m* walk from Elsternwick Station and only 50m* from the Glen Huntly Road retail precinct the property enjoys excellent accessibility for customers and high levels of daily foot traffic
  • Positioned within the mid-rise mixed use development Elsternwick Place, designed by award winning architect Jackson Clements Burrows and comprising 54 apartments + two levels of office space
  • Highly anticipated public & private projects surround the property, notably the new cultural precinct and the proposed Woolworths development both of which will draw foot traffic to the area details of these projects can be provided
  • Located walking distance from the Elsternwick Entertainment precinct in addition to the proposed Woolworths’s development set to be a major driver of retail activity

*Approximately

 

Shops 1 & 2, 28 Riddell Parade, Elsternwick are set to be sold via consecutive Public Onsite Auctions on Friday 7th May 2021 at 10.30am (AEST).

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

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