Friday, June 22 at 11:00am, on site
42 - 44 Ranelagh Drive, Mount Eliza
Nichols Crowder is pleased to offer to the market a premium retail investment opportunity at 42-44 Ranelagh Drive, Mount Eliza. The two shops, which are on one Title, are to be auctioned on site on Friday, June 22 at 11:00am.
Occupying arguably one of the best corners in Mount Eliza’s vibrant village, and surrounded by national retail brands and popular local businesses, the two long-standing tenancies provide a rental income of $53,400 per annum, plus outgoings. The 145sqm building is set on land of approximately 232sqm.
This freehold property offers reliable income and potential for future redevelopment (STCA). “Mount Eliza’s appeal lies in its beachside location, family atmosphere, and village shopping. Investing in the Mount Eliza Village retail precinct is popular, and an exceptional property like this is hard to find” says Linda Ellis, Sales and Leasing Executive.
For further details contact:
LINDA ELLIS 0400 480 397
NB: All information is approximate and subject to own inspection.