205A High Street

Ashburton VIC 3147

+ Opportunity to occupy, redevelop or invest (STCA)
+ Prominent 405 sqm* corner site with 59 metres* of triple street frontage
+ Ground floor building area of 252 sqm* with additional 25 sqm* first floor storage area and staff amenities (incl male & female toilets)
+ Commercial 1 Zoning (C1Z) offering significant upside, development possibility and potential to build up to 3 levels (STCA)
+ Exposure to High Street, a major metro Melbourne commuter road serviced by major arterials including Monash Freeway/City Link and Warrigal Road - over 22,000 vehicles passing the property daily**
+ Important rear lane access and 8 on-site car parking spaces additional abundance of free public car parking available directly behind the property
+ CBA have given notice to vacate the premises at the expiration of their lease term dated 6th August 2024
+ Incredible make good clause; Commonwealth Bank must return premises to its original condition, including the removal of ATMs, Safes, Internal Partitions, Teller Joinery and Fixed Joinery
+ Positioned within the heart of 'Ashburton Village', a high performing retail precinct servicing an affluent catchment of Melbourne's highly sought after suburbs Glen Iris, Malvern East, Camberwell and Ashburton
+ Rapidly growing catchment with a number of medium and high density apartment projects in proximity in different stages of planning and construction
+ Excellent public transport amenity nearby including Ashburton Train Station within 350m*
+ In close proximity to an array of national tenants, with IGA, Bakers Delight, Domino's, F45, BFT, Snap Fitness and Shell Coles Express all within 400m*
+ Ashburton: 10km* from CBD, affluent southeast Melbourne growth suburb with a median house price of $1,975,000**
+ Current net income: $203,969 pa* + GST

To be sold by Investment Portfolio Auction (unless sold prior):
10:30am AEDT
Wednesday 6 December 2023
River Room, Crown Casino, Melbourne

*Approximately
**GapMaps
******