Sold
Prominent Mornington Peninsula Retail Corner with Major Upside
32-34 Mount Eliza Way, Mount Eliza VIC
Stonebridge Property Group is pleased to present for sale 32-34 Mount Eliza Way, Mount Eliza.
The key highlights of the opportunity include:
- Arguably Mount Eliza’s most prominent corner with 65 m* of combined frontage at the gateway to the tightly held retail village
- 570 sqm* of underutilised Commercial 1 Zoned land, substantial improvements, and flexible lease structures allow short-term possibilities to value-add, occupy or develop
- Offered with approved permits for a mixed-use commercial development
- The strategically located freehold spans 4 lots, boasts on-title car parking for 6 cars (surplus land) and fronts a major intersection
- Direct exposure to a pedestrian crossing and the benefit of ultra-wide footpaths provides ideal retail/hospitality conditions
- The substantial 382 sqm* retail/hospitality building includes an existing 253 patron liquor licence* and outdoor seating possibilities
- Mount Eliza Way is the retail backbone of Mount Eliza – an affluent Mornington Peninsula suburb with a median house price of $1.75m
- Well located adjacent to a council car park, only 50 m* from major supermarket Woolworths, and within walking distance to a number of other non-discretionary retailers (IGA & Australia Post)
*Approximately
32-34 Mount Eliza Way, Mount Eliza is offered for sale via Public On-site Auction on Friday 14th April 2023 at 10:30am (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.