Price Guide:
• Large corner site with development potential (STCA)
• 5 shops being offered as a whole of which 350sqm is rear parking/vacant land
• Current rental return of $75,245 per annum
• Significant street frontage of 27m on Charman Road and 22m on Collins Street
• Land Area of 670 sqm*
Aston Commercial is pleased to offer 110-118 Charman Road, Mentone for sale by Auction on the 25th of March 2022 at 12:00pm onsite.
For the first time in over 30 years this rare slice of corner freehold Melbourne Bayside land is up for grabs. Located on the charming Charman Road retail strip, the property is surrounded by a basket of different shops including retail, beauty and hair, medical, restaurants and cafes. A corner site with 4 tenancies over 5 shops provides both an opportunity for investors seeking an investment or and developers looking to add value over time.
With a massive combined street frontage of 49 metres, this large parcel of land is located on the boarder of Mentone and Beaumaris. Less than 1 kilometre from the Mentone Beach and 200 metres from Mentone Girls Secondary College, the corner site is well positioned for the current tenancies and creates a wide opportunity for future development (STCA). A fine property to add to any portfolio of buyers with great upside.
Please contact Aston Commercial today to arrange your private inspection.
*approx.
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