Prominent Mornington Peninsula Retail Corner with Major Upside

  • $2,000,000/Contact Agent

Property Description

Stonebridge Property Group is pleased to present for sale 32-34 Mount Eliza Way, Mount Eliza.

The key highlights of the opportunity include:

– Arguably Mount Eliza’s most prominent corner with 65 m* of combined frontage at the gateway to the tightly held retail village

– 577 sqm* of underutilised Commercial 1 Zoned land, substantial improvements, and flexible lease structures allow short-term possibilities to value-add, occupy or develop

– Offered with approved permits for a mixed-use commercial development

– The strategically located freehold spans 4 lots, boasts on-title car parking for 6 cars (surplus land) and fronts a major intersection

– Direct exposure to a pedestrian crossing and the benefit of ultra-wide footpaths provides ideal retail/hospitality conditions

– The substantial 382 sqm* retail/hospitality building includes an existing 253 patron liquor licence* and outdoor seating possibilities

– Mount Eliza Way is the retail backbone of Mount Eliza – an affluent Mornington Peninsula suburb with a median house price of $1.75m

– Well located adjacent to a council car park, only 50 m* from major supermarket Woolworths, and within walking distance to a number of other non-discretionary retailers (IGA & Australia Post)

*Approximately

32-34 Mount Eliza Way, Mount Eliza is offered for sale via Public On-site Auction on Friday 14th April 2023 at 10:30am (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0488 782 594

Sarah Xi 席子棠
0468 320 297

Rorey James
0439 400 081

Property Code: 617

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