Prime Eltham Freehold Over 6 Titles with Dual Street Frontages

Burgess Rawson in conjunction with Sutherland Farrelly are pleased market 958 Main Road and 8-10 Commercial Place, Eltham VIC for sale via private treaty

The property has the following investment highlights:

+ Substantial 850sqm* building over two levels complete with lift access in the heart of Main Road Eltham’s bustling retail strip.
+ Highly-sought-after 638sqm site, with attractive Activity Centre Zoning allowing potential for 5-level development (STCA).
+ 5 ground floor shops plus first floor office, all subdivided allowing easy future individual on sale.
+ Leased to market leading tenants including Bendigo Bank, Ferguson Plarre Bakehouse, Barry Plant Real Estate and Eltham Optometrist.
+ Favourable rent reviews throughout – ensuring rental growth.
+ Ideally located within Eltham’s popular Main Road retail strip and close to Woolworths, Coles, ALDI Supermarkets, Dan Murphy’s, Eltham Train/Bus Station and 1,114 car parks.
+ Dual frontages to Main Road and Town Square precinct (Commercial Place) at the rear.
+ Part redeveloped in 2018, offering significant depreciation benefits.
+Eltham: Blue Chip Metro Melbourne Suburb 18km from the CBD.
+Eltham (Central) has the highest rate of population growth within the Local Government Area (33% increase by 2036).***
+ Fully Let Rent: $447,101 pa* + GST as at 1/6/23

To be sold via Private Treaty