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312-314 Glen Huntly Rd 1,593 SF Retail Condo Unit in Elsternwick, VIC 3185
Investment Highlights
- Two-level mixed-use building offering ground-floor retail and upper-level office accommodation.
- Surrounded by a vibrant mix of national retailers, boutique shops, cafés, and essential services.
- Convenient access to Nepean Highway and major arterials, providing seamless connectivity to Melbourne CBD and surrounding suburbs.
- Excellent public transport connectivity with Elsternwick Station and multiple tram and bus routes nearby.
- Strong local demographics with an affluent residential catchment driving consistent foot traffic.
Executive Summary
6–16 Riddell Parade is a two-level mixed-use property in Elsternwick, VIC, featuring ground-floor retail tenancies and upper-level office accommodation. The property is located near Glen Huntly Road, a major commercial corridor, and is within walking distance of Elsternwick Station, tram services, and local bus routes. The surrounding area includes a mix of retail, dining, and service-based businesses, supported by a strong residential population. The site offers convenient access to Nepean Highway and is approximately 9 km from Melbourne’s CBD.
1 Unit Available
| Unit Size | 1,593 SF | Sale Type | Investment |
| Condo Use | Retail | NOI | $53,877.80 |
| Unit Size | 1,593 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $53,877.80 |
Description
The property is a retail unit approximately 148 square meters. It is currently tenanted under a seven-year lease agreement, scheduled to expire in October 2028, with an additional seven-year renewal option. The annual income from the lease is $74,263 plus GST and outgoings. The property is located within a retail strip and is adjacent to businesses such as Chemist Warehouse, Hanoi Hannah, Grill’d, and McDonald’s. Public transportation is available within close proximity, with Elsternwick train station approximately 100 meters away and tram stops nearby.
Sale Notes
An exceptional opportunity to secure a fully leased investment within one of Melbourne’s most vibrant retail corridors. This property offers unmatched exposure and ensures consistent customer flow with high pedestrian traffic from nearby transit services and renowned retailers. A solid seven-year lease to a respected tenant, providing annual income of over $74,000 plus GST and outgoings, delivers peace of mind and long-term income certainty. Surrounded by national brands and trendy hospitality operators, this property guarantees excellent co-tenancy benefits. With the convenience of Elsternwick train station just steps away and trams at your doorstep, this investment combines strong fundamentals with proven location appeal for the astute buyer.
Property Facts
| Total Building Size | 28,406 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 15,748 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.37 AC |
| Building Class | C |
| Total Building Size | 28,406 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 15,748 SF |
| Lot Size | 0.37 AC |
Amenities
- Signage
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312-314 Glen Huntly Rd
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