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Gorman Allard Shelton is pleased to offer 38-40 Mount Eliza Way, Mount Eliza for sale via Public Auction on Wednesday 1st November at 12 noon on-site. This well-located investment is set within one of the most desirable postcodes on the Mornington Peninsula. The double front shop with a national tenant in occupation is further enhanced with a two bedroom apartment. * Retail premises leased to national real estate agency, Belle Property, on a three year term plus option
* Retail rent: $50,923.20 net pa + GST and outgoings
* Separately accessed two bedroom apartment currently returning $16,680 pa
* Combined income: $67,603 pa (as at November 2023)
* On-site parking for 3-4 cars
* Land area of 219 sqm within a Commercial 1 Zone with rear laneway access This location is well-regarded by holiday makers and local residents alike and features a variety of amenity including Woolworths, Ritchies IGA, Eliza Square Shopping Centre, Bakers Delight, CBA and Bendigo Bank, to name just a few.
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