Aston Commercial are pleased to offer 302 Highett Road, Highett for Sale by Public Auction on Thursday 18th May 2023 at 12 noon on-site.
Two story solid brick building comprising retail shop and two-bedroom residence, along with rear laneway access. Positioned in the heart of the Highett Road retail precinct and a stones throw from Highett Railway Station.
LEASE DETAILS
Leased to Raw Organic Tanning Studio on a monthly overholding basis at a rental of $34,740pa + GST
BUILDING
137 sqm*
METHOD OF SALE
For Sale by Public Auction on Thursday 18th May 2023 at 12 noon on-site
LAND AREA
242 sqm*
ZONING
Commercial 1 Zone – C1Z
TERMS OF SALE
10% deposit with the balance payable in 60 days
approx.
Flexibility to Invest or Occupy
Two level Freehold building with shop front & apartment
Flexible Commercial 1 – C1Z zoning allowing for a wide range of future uses
Rear laneway access with on-site parking
Significant value add opportunity with less than 50% site coverage
Bustling retail strip less than 50m to Highett Railway Station
Highett is a suburb located in Melbourne’s south east, approximately 16 km southeast of Melbourne’s CBD.
Highett Road is a well-known retail strip located in the Melbourne suburb of Highett. This area is a hub for locals and visitors looking to shop, dine and socialise in a trendy and vibrant atmosphere. The retail strip boasts a wide variety of shops, cafes, restaurants and bars, making it a popular destination for people of all ages.
Highett is a popular residential area that offers easy access to some of Melbourne’s most popular beaches, including Sandringham, Brighton and Hampton. The suburb is also home to several parks, including Sir William Fry Reserve, Highett Reserve and Peterson Reserve.
Other notable attractions in the area include some of Melbourne’s leading golf courses and the shopping mecca Westfield Southland.
The Highett Road retail strip is also a food lover’s paradise. The area is home to a plethora of cafes and restaurants, serving up a range of cuisines from around the world. From casual dining to fine dining, there’s something for everyone here. Visitors can enjoy anything from a quick coffee and pastry to a multi-course meal with friends or family.
Highett is well-serviced by public transport, with both a train station and a bus interchange located in the suburb. The Highett train station provides easy access to Melbourne’s CBD and other parts of the city. The suburb is also located close to major roadways, including Nepean Highway and South Road, providing easy access to surrounding suburbs.
MEDIAN HOUSE PRICE
$1,427,750*
MEDIAN APARTMENT PRICE
$645,000*
*Source: REA February 2023
Melbourne-based Sunkin Property Group has broken ground on a $500-million-plus mixed-use project at the former-CSIRO site in Highett, one of Melbourne’s largest and most flexible infill development sites.
For more information visit: www.theurbandeveloper.com/articles/sunkinproperty-group-csiro-highett-melbourneconstruction-vic
The property is outlined on the certificate of title as follows:
Volume: 07888 Folio: 183
Lot 6 on title plan 481870T
Highett Road Frontage 5.48 metres*
Row frontage 5.48 metres*
Depth 44.20 metres*
Total land area: 242 square metres*
*approx.
Under the Kingston city council planning scheme the land is zoned Commercial 1 – C1Z. The land is also subject to the following overlay
DDO - design and development overlayschedule 12
The current building across the dual levels comprises the following:
• Retail shopfront
• Fully functional kitchen
• Laundry
• Living area
• Two bedrooms
• Bathroom
• Rear access with space for secure parking
With the current tenant on a month to month arrangement the property is suited to businesses looking to make this property home.
Please refer to page 26 for a copy of the building floor plans.
The property is being sold with a monthly tenancy.
Tenant Business Name: Raw Organic Tanning Studio
Current Rent: $34,740pa + GST
Term: Monthly overholding
Commencement: 1st August 2018
Options: Nil
Outgoings: Paid by tenant
At RAW Organic Tanning Studio we provide you with a luxurious and safe way to get the beautiful, healthy looking bronzed glow you desire. We offer treatments in our custom designed bronzing studio or will discretely visit you in your home or office for an organic mobile bronzing session. www.rawbronze.com.au
For Sale by Public Auction on Thursday 18th May 2023 at 12 noon on-site
Strictly by appointment with the exclusive selling agents.
10% deposit with the balance payable in 60 days
Available upon request.
Great sales results always get talked about. The work that makes them happen, usually doesn’t.
There’s so much smoke around sales, that it’s hard to even talk about it in a brochure without a smile. Everyone makes claims, but the obvious truth, is not everybody is equally good at this.
One of the differences at Aston Commercial, is that while what we say might be called an “opinion”, it’s always based on evidence. We do our homework first and talk later.
Another difference is that for us, sales is very much a whole team exercise, where there are many players and all our departments work together in the pursuit of the best result.
The experience of our team members are reinforced by Client testimonials, which lead us to being more than a real estate agent, but a trusted advisor
Deciphering the highest and best use and positioning your property through the implementation of elite marketing across all mediums
A relentless “never give up” attitude focused on the Client destination
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate
