230-231, 233 & 234 Nepean Highway, Edithvale, Vic 3196

Nichols Crowder is pleased to present 230-231, 233 & 234 Nepean Highway, Edithvale for sale, available to purchase individually or together.

Comprising three separate properties within the same Owners Corporation, this unique offering provides buyers with the flexibility to secure a single property, multiple holdings or the entire offering.

A standout feature is the exceptional on-site parking provision, with 22 allocated car spaces across the offering. The car spaces are subject to long-term exclusive-use arrangements over specifically identified common property parking bays, providing a significant advantage for occupiers, staff and customers in this tightly held Nepean Highway location. The parking agreements provide for 99-year terms and contemplate assignment of the relevant rights to subsequent owners, subject to their terms.

230-231 and 233 Nepean Highway provide established investment income with fixed annual increases, while 234 Nepean Highway is offered with vacant possession, creating an opportunity for an owner-occupier, investor or business looking to establish itself in a high-profile bayside position.

Directly opposite Edithvale Railway Station and moments from Edithvale Beach, the properties combine excellent accessibility, exposure and parking within an established neighborhood shopping strip.

234 Nepean Highway – Vacant Corner Opportunity

160sqm* building area
Offered with vacant possession
9 allocated on-site car spaces
Prominent corner position
Approximately 24.5m* frontage to Nepean Highway and Denman Avenue
Large open-plan area plus offices/storage and amenities
Excellent exposure and signage potential (STCA)
Suitable for owner-occupiers or investors
Potential for retail, medical, allied health, office, professional services and other uses (STCA)

230-231 Nepean Highway – Secure Investment

Leased to Speech Bubble Speech Pathology Pty Ltd
Current rental: $40,000 p.a. + GST + Outgoings
Lease expiry: 11 October 2030
3% annual rent increases
9 allocated on-site car spaces
Established allied health premises
Functional fit out incorporating reception, consulting rooms, open-plan areas and amenities

233 Nepean Highway – Established Investment

Leased to ATW Australia Pty Ltd ATF SMR Trust
Current rental: $23,000 p.a. + GST + Outgoings
Lease expiry: 17 July 2028
3.5% annual rent increases
4 allocated on-site car spaces
Secure investment with fixed annual rental growth

Combined Investment Highlights

Available individually, in combination or as a complete three-property holding
Three separate properties within the same Owners Corporation
22 allocated on-site car spaces across the offering
Combined current income of $63,000 p.a. + GST + Outgoings from 230-231 & 233 Nepean Highway
Directly opposite Edithvale Railway Station
Moments from Edithvale Beach
High-profile Nepean Highway location

Whether purchasing one property or securing all three, this offering provides a rare opportunity to acquire well-positioned commercial property with exceptional parking, secure income and future flexibility along Nepean Highway.

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

 

* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.