Teska Carson is marketing a renovated restaurant and bar suitable for owner-occupiers and investors at McKinnon on Melbourne’s south-eastern bayside. The property will be auctioned on Friday, December 10, at 12pm on site.
The 135 McKinnon Road property is prominently located on the northern side of the street, between Elm Grove and Glen Orme Avenue, within the tightly held McKinnon village retail strip.
It comprises a 250 square metre retail/commercial building on a 240 square metre site zoned Commercial 1 with six metres street frontage and a right of way at the rear providing access to on-site parking. The property is zoned Commercial 1 under the City of Glen Eira Planning Scheme.
The solid brick, two storey building comprises an impressive ground floor bar, restaurant and kitchen which have all been renovated and fitted to the highest standard in recent years, and, at the rear, additional storage space with roller door access and a cool room. The first floor is currently utilized as private function rooms which could be reverted back to the prior use as a two bedroom unit.
According to marketing agents, Teska Carson’s Stephen Speck and George Takis, the property provides a turnkey solution for both occupiers and investors.
``The property provides a truly rare opportunity to acquire a fully-fitted, former licensed venue with an extensive commercial kitchen, bar and cool room facilities.
``It’s situated within a tightly held and popular bayside strip with excellent lifestyle amenities including an abundance of retail, cafés and restaurants, and access to both on and off street parking,’’ Mr Speck said.
Located 12 kilometres from Melbourne CBD, McKinnon is well served by public transport, with McKinnon Railway Station (200 metres from the property) as well as buses, while several arterial roads, including the Nepean Highway and the Monash Freeway, provide excellent access to all parts of Melbourne.
Mr Takis said the south-eastern bayside remained one of the most in-demand suburban areas for residential occupiers in Melbourne driving robust retail and commercial sectors as well as continued residential development growth.
``The bayside, including McKinnon and well regarded neighbours such as Brighton East, Ormond and Bentleigh with their excellent lifestyle amenities, has for many years attracted strong residential growth which has in turn underpinned strong retail and commercial sectors.
``For that reason opportunities such as this are highly regarded among astute investors and occupiers looking to establish themselves in prosperous areas with growth potential,’’ Mr Takis said.
Mr Speck said the property’s key attributes were:
- Turnkey business and/or leasing opportunity;
- Location within a tightly held and popular retail and residential precinct;
- Recently renovated premises with a quality fit-out;
- Ample on and off street parking;
- Six metres street frontage;
- Commercial 1 zoning; and,
- Vacant possession.