Landmark Building on a Trophy Corner – Prime Retail Investment in the Belgrave Village

Description

This “trophy corner” opportunity presents a highly secure investment prospect with both commercial properties long-leased to iconic and well-established local businesses. Located on the main street next door to the LPO with easy parking and a wide pedestrian frontage, the desirable retail location with unrivalled exposure to passing traffic swells with tourists on weekends and holidays with Puffing Billy train station and Belgrave station just footsteps away and is positioned in a “gateway” to the majestic Dandenong Ranges locale.

#1708 – Leased to Ash and Oak Barbershop - a diverse range of barbers bringing you the best cuts in the hills with a retail section selling apparel, leather goods and more plus a vibrant tattoo studio at the rear.

#1710 – Leased to iconic Bensons café and restaurant since 2003 (almost 20 years) and is a fully licensed local institution open 7 days a week for breakfast, lunch and dinner. Bensons offers an eclectic Modern Australian cuisine and friendly hospitality with banquet seating and gentle lighting, contributing to an intimate and contemporary feel.

Both premises are fully leased and delivering returns of $72,000 excl GST per annum

The Opportunity:

• Rare opportunity to acquire two commercial business properties within the tightly held Belgrave Village.
• High local significance as a landmark building
• Distinct frontage to the pedestrian thoroughfare in a Commercial 1 Zone (C1Z)
• Surrounded by bustling bakeries, takeaway’s, cafes, supermarkets, wine bars, fashion boutiques and next door to the LPO.
• Moments to Woolworths, Cameo Cinemas and Belgrave train station

Historical Significance
Formerly the local bakery, the nineteenth century, timber clad, corner shop has an unusual beaded timber, stepped parapet, visible above a hipped, corrugated iron verandah. The larger of the shops is located at the corner of the former Bakery and has a traditional angled corner entry, highlighted by a taller parapet section with a decorative curved profile. The smaller shop faces Burwood Highway; its doorway location delineated by a stepped, rectangular element at parapet level. Both shops have undergone alterations, with the replacement of shopfront windows, doors and cladding. While the interior of the larger shop has been substantially modified, the smaller shop is relatively intact with remnant tiles and panelled timber above the shopfront window and original floorboards to the front interior.