Description
POINT OF INTEREST:
This outstanding investment, offers an opportunity for the investor/developer wishing to acquire a main road position with value add or redevelopment potential in the future.
Currently leased to Turn Left @ Albuquerque Ultimate Barbeque Destination since 2022 and returning $95,481 per annum net, the premises features excellent holding income as you plan the future.
Existing improvements comprise a purpose built drive through retail facility, incorporating ground level retail/office accommodation and first floor offices/amenities. The improvements sit on 1,505 sqm* of land area with a large car park featuring 28 car spaces located at the rear of this corner positioned premises.
Ideally positioned on Boundary Road within Braeside's commercial precinct and surrounded by national tenants such as Total Tools, Westpac, Autobarn, Coles Express, Middy's, Petstock and more, this property benefits from a main road location which provides exposure to over 8 million passing cars annually. (VicRoads Open Data). The property is also next door to Braeside and Dingley Village's premier cafe / restaurant "Meat, Flour, Wine Restaurant & Bar".
Situated 26km* south-east of Melbourne's CBD and within close proximity to major roads including Nepean Highway, Lower Dandenong Road, Springvale Road, Eastlink and Dingley Bypass. Amenities surrounding the area comprise Moorabbin DFO, Moorabbin Airport and well known Golf Courses; Capital, Woodlands and Southern Golf Clubs.
Property features include:
- Currently leased to Turn Left @ Albuquerque
- Current Income: $95,481 per annum
- Lease Terms: 5 + 5 + 5 years
- Building area: 374m2* over two levels
- Huge land area of 1,505m2*
- 28 on site car spaces
- Open plan ground floor office / showroom area
- Staff amenities including kitchen area and staff room
- CCTV security cameras
- Drive through potential with dual access
POINT OF VIEW:
This is a rare opportunity to secure a high-exposure, versatile investment & site in one of Braeside’s most tightly held commercial precincts. Whether you’re looking to invest or unlock value through redevelopment, the location and flexibility make this a smart strategic move.
*Approx.
Pricing excludes GST
