367 Glen Huntly Road, Elsternwick VIC

Located in the heart of Glen Huntly Road in a prime trading section between St Georges Rd and Staniland Grove and positioned directly in front of a pedestrian crossing, eyes are firmly on your store night and day in this prolific location.

• Land area 164sqm* with rear access.

• Two-level period building of 140sqm* Ground floor boasts pressed metal & oversized ceiling height, providing an enticing, bright, sophisticated retail space. A spiral staircase takes you to the first floor; in its original condition, there are endless possibilities to adapt and create a space perfect to your needs.

• A large yard with rear access provides carparking for 2-3 cars or an area to further develop (STCA) to maximise and capitalise on its highly sought-after location.

• Rare special clause allows the purchaser to regain control over first floor with notice to renovate, separate and re-lease without any change to the existing commercial lease - Unlock the upside without loss of income or vacancy!

• Currently leased at $57,200 PA + GST and outgoing with potential to add an estimated $25,000-$30,000pa ex. GST in first floor income!

• Leased for two (2) years, expiring 30th of November 2027 with opportunity for a market review and one (1) further option of two (2) years to renowned and very popular tenant Perugia Boutique clothing store, who have occupied the premises for over 30 years.

• Commercial 1 Zone

• Endless Outcomes, All the Upside!

The purchaser will be perfectly positioned to capture imminent improvement in rental performance, or with short remaining lease legacy, occupy this versatile space, value-add with first floor refurbishments and/or develop out the vacant north-facing yard (STCA)....or a combination of all three.

Any way you view this rare opportunity, we see endless possibilities with the same prosperous outcome!

The property will be offered for Sale by Public Auction onsite at 12:00pm on Friday 4th September.

Open for Inspection: Thursday 27th August at 11:45am. Please contact agent to confirm attendance.

For inspections or contract of sale contact
Mason Viola 0470 666 334
James Gregson 0421 516 480


*approx.