Retail investment with upside

WITH the coastal hamlet of St Leonards transitioning from its historic holiday-village image to an increasingly resident-based community, businesses and investment in this burgeoning seaside town are benefiting greatly from this change.

So, it is timely to see a great investment opportunity come to market through Morley Commercial that offers immediate lease cashflow from a popular and well-run local business in a prime St Leonards location.

Leased to the popular café/deli “Ivary”, a local favourite renowned for serving excellent home-style Italian cooking, 1,373 Murradoc Road comes to auction in August.

Morley Commercial sales consultant Josh McMullin said that this offers a great opportunity for investors to diversify their portfolio to include a prime coastal retail property in a popular budding community.

“This is a fantastic prospect to get your hands a 156sqm retail site in the growing coastal town of St Leonards,” Mr McMullin said.

“The site is currently leased to the popular café, ‘Ivary’ which is praised as one of the best eateries in the area.

“The site offers strong rental growth potential and would suit an investor or future long-term occupier.”

The site boasts a high profile main road position opposite the IGA supermarket and only around 100 metres from the beach.

There is future potential to occupy or develop and rear laneway access and roller door entry.

Situated in a popular coastal town experiencing significant expansion and situated only 20 minutes from Geelong and 90 minutes from Melbourne, 1,373 Murradoc Road is worth serious consideration for those looking to improve their investment position.

To be sold by auction on Saturday August 11 at 12pm, for more information phone Josh McMullin on 0400 248 016.