OAKLEIGH
would be ‘nuts’ to miss.
This outstanding freehold property benefits from both a tenant and a location that need no introduction. The Squirrel’s Den are a local institution and have been proudly operating from 40 Portman Street for over 25 years. Occupying an unrivaled position in the heart of Oakleigh’s vibrant retail and hospitality precinct, the property is positioned amongst a vast array of major retailers, iconic local businesses and is set at the gateway to the bustling Eaton Mall. An investment opportunity that you would be ‘nuts’ to miss.
I’m Popular. Prime position within bustling retail precinct.
The property is outlined on the certificate of title as follows. Volume 8076 Folio 729
BUILDING DETAILS
The property is a character filled freehold of brick construction with a ground floor area of 77m2*. Situated on a land parcel of 110m2*. The property sits prominently in the heart of the Oakleigh retail precinct directly opposite Chemist Warehouse and the iconic Nikos Cafe, whilst adjoining Oakleigh Central which is home to Coles, Woolworths and other major retailers.
CHARACTERFILLED FREEHOLD
VIBRANT RETAIL AND HOSPITALITY
PRECINCT
COMMERCIAL 1 IN THE OAKLEIGH ACTIVITY CENTRE
I’M ESTABLISHED. LoNG TERM TENANT oF 25+ YEARS.
The Squirrel’s Den is a boutique family business that has been operating in the same location for over 2 decades. Specialising in the retail of nuts, dried fruit, beans, coffee and lollies the business has built up its reputation throughout the years and is considered to be one of the most recognisable and popular destinations for local shoppers.
TENANT BUSINESS NAME The Squirrel’s Den ANNUAL RENTAL
$40,479.66* + GST
LEASE TERM Six (6) years
COMMENCEMENT 10th May 2023
OPTIONS 3 + 3 years
RENT REVIEWS CPI annual increases
LEASE EXPIRY 9th May 2029
*approximate
110m2* LAND AREA:
BUILDING AREA:
77m2*
oakleigh 3182
Oakleigh is a vibrant and diverse suburb with a rich cultural mix and a thriving local economy. The area is known for its blend of residential, commercial, and recreational spaces, making it an attractive destination for both residents and visitors alike. One of the standout features of Oakleigh is its dynamic retail and dining precinct, particularly the Eaton Mall. This popular hub is a focal point of community life, offering a diverse range of shops, cafes, and restaurants that cater to the varied tastes and preferences of the local population.
WELL SERVICED BY
TRAIN BUSES
realestate.com.au Nov 2023 - Oct 2024
Eaton Mall
Eaton Mall is renowned for its lively atmosphere, drawing people from all across Melbourne. The mall is brimming with a wide variety of retailers, from local boutiques and specialty stores to larger, well-known brands. It also boasts a fantastic range of eateries, many of which reflect Oakleigh’s multicultural makeup. Greek cuisine is especially prominent, with several family-run restaurants serving up traditional dishes that have made the area a hotspot for food lovers. Whether you’re after a quick coffee, a casual meal, or a full sit-down dining experience, Eaton Mall offers plenty of options to suit all tastes and is an icon within Melbourne’s bustling south-eastern suburbs.
WHAT, WHEN & HOW?
For Sale by Public Auction on Thursday 12 December at 1pm on-site
Terms: 10% deposit with the balance payable in 60-90 days
Payment of Deposit Options:
1. Cheque – Personal or Bank payable to Aston Commercial Sales Trust Account
2. Macquarie Direct Debit Pay via secure portal link
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
