<p>Situated in <strong>vibrant Abbotsford</strong>, just 3km from Melbourne's CBD, these retail properties enjoy a prime position at the corner of Walmer Street and Victoria Street in the sought-after Park House - Riverbank development.</p> <p>The location offers <strong>exceptional retail exposure</strong> directly opposite Victoria Gardens Shopping Centre and IKEA, ensuring strong foot traffic and visibility. The precinct features major retailers including Coles, Kmart, Hoyts and numerous specialty stores.</p> <p>A significant lifestyle advantage is the <strong>immediate proximity to the Yarra River</strong> and Walmer Street Pedestrian Bridge, providing scenic bike and walking paths that connect to Melbourne's extensive trail network.</p> <p>The area enjoys <strong>excellent transport connectivity</strong> via tram services out the front of the property running directly into the CBD or further to eastern suburbs. Major arterial roads including Victoria Street, Burnley Street and the nearby Monash Freeway and Eastern Freeway provide convenient vehicle access in all directions.</p> <p>Abbotsford has undergone significant transformation in recent years, with numerous residential and mixed-use developments creating a <strong>thriving urban environment</strong> that blends modern apartments with the area's industrial heritage.</p>

<p><strong>Retail 1</strong> is leased to <strong>The Parkhouse Apartments Pty Ltd</strong>, the entity associated with the apartment project immediately above. The space functions as a sales display suite for the apartment development. The lease commenced from date of settlement with a 3-year term and includes one further option of 3 years.</p> <p><strong>Retail 5</strong> is occupied by <strong>MACHI & Co Pty Ltd</strong>, operating a modern café/restaurant with servery/bar, kitchen and customer seating areas. The premises features a contemporary design that takes advantage of its interface with the Walmer Street Pedestrian Bridge and Yarra River views. The lease commenced on 1 January 2023 for a 7-year term expiring 31 December 2029, with two further terms of 5 years available.</p> <p>Both tenancies demonstrate <strong>strong covenant strength</strong> with secure lease arrangements, fixed annual increases, and all outgoings payable by the tenants (except single holding land tax).</p>

<p><strong>Retail 1 (156 sqm)</strong> generates a current rental of <strong>$62,400 per annum plus GST</strong> ($400/sqm) on a 3-year lease with a further 3-year option. The lease includes fixed 4% annual rent increases with market review at commencement of the further option.</p> <p><strong>Retail 5 (131 sqm)</strong> returns <strong>$67,465 per annum plus GST</strong> ($515/sqm) on a 7-year lease that commenced 1 January 2023, with two further terms of 5 years. This lease includes fixed 3% annual rent increases with market review at commencement of further options.</p> <p>Both properties benefit from <strong>net leases with tenants paying all outgoings</strong> except single holding land tax, maximizing investor returns. Retail 5 includes additional security with a <strong>bank guarantee equivalent to 6 months rent plus GST</strong> ($36,916.66).</p> <p>The properties will be sold by public auction with terms including <strong>10% deposit upon signing the Contract of Sale</strong> with the balance payable in 60 days.</p>

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