Gross Waddell is proud to announce a portfolio auction of 7 prime retail shops in
spectacular locations. The properties are situated in some of Melbourne’s most sought
after retail locations with well known and established tenants. All properties will be
auctioned individually and on site.
The one family have built their portfolio over several years and across a number of
suburbs; Heidelberg, Northcote, Chelsea, Brighton, Croydon and Moonee Ponds, boasting a
total income of over $408,000 per annum.
Further details of the properties can be found below:
53 Burgundy Street, Heidelberg
A single storey retail shop with generous frontage of 10m*. Located within the Burgundy Street
retail strip centre, directly opposite Warringal Shopping Centre. Currently leased to Australia Post for
12 years, the net lettable area is 317m2* with a rental income of $83,492* per annum net. The
Auction will be held Wednesday 1 November at 12.30pm on site.
Shop 2, Northcote Plaza Shopping Centre
A large double fronted shop situated opposite the highly successful Coles Supermarket. Located at
the intersection of High Street & Separation Street, the shop has a net lettable area of 180m2*. The
current rental is $100,000* per annum. The Auction will be held Wednesday 1 November at 2pm
399-400 Nepean Highway, Chelsea
A substantial single storey brick retail premises with dual frontages comprising a large Nepean
Highway retail premises leased to Westpac Bank for 5 years. There is a separate tenancy at the rear
leased to a gymnasium. The total land area is 425m2* with a rental income of $62,450 per annum.
The Auction will be held Thursday 2 November at 11am on site.
2 /50 Church Street, Brighton
A single storey shop in the heart of Melbourne’s best retail strip. The property has a net lettable area
of 60m2* and an income of $74,992 per annum net. The Auction will be held Thursday 2
November at 1pm on site.
320 Bay Street, Brighton
A single storey brick banking chamber with frontages to Bay and Marion streets offered with vacant
possession. Situated in the heart of the Bay Street, Brighton shopping strip centre, metres from the
North Brighton train station, Brighton Bay cinemas and some 400m* from Coles supermarket. To
suit owner occupier, investor or redevelopment (STCA). The Auction will be held Thursday 2
November at 2.30pm on site.
107 Main Street, Croydon
A freestanding single storey brick shop ideally located within the Main Street retail strip centre. On a
new 5 year lease, the property is located on the western side of Main Street and benefits from both
a large Council car park and the Croydon Railway Station which is situated to the rear. An affordable
investment. The Auction will be held Friday 3 November at 1pm on site.
89 Puckle Street, Moonee Ponds
An older style two storey brick shop and dwelling with rear access – a prime retail investment. The
property is located on the south side of Puckle Street, between Pratt and Shuter Streets. Puckle
Street is regarded as one of Melbourne’s premier retail strip centres; abuts Woolworths
Supermarket, close to Coles supermarket and surrounded by national retailers. The land area is
151m2*, leased to Mio Dolce Cafe with a rental income of $82,980* per annum net. The Auction
will be held Wednesday 8 November at 1pm on site.
Please contact Michael Gross (0419 355 561) or Benjamin Klein (0433 047 000) for more details.