54 Grubb Road, Ocean GroveVIC

Superbly positioned at the gateway to Ocean Grove and benefitting from strong passing traffic, this Industrial 1 Zone property provides a wonderful opportunity for investors or owner occupiers to acquire an attractive freestanding building on a substantial 664sqm (approx.) block of land.

The subject property is currently utilised as a popular restaurant, boasting 178sqm (approx.) of floorspace including substantial indoor and outdoor dining areas, and a commercial kitchen with cool room. There are common facilities available, along with plentiful storage and generous off-street parking.

A lease option of $72,000 p.a. presents an attractive, ready-made income stream for investors, while buyers seeking to establish their own restaurant business can capitalise on a recent fit-out and floorplan adjustment by the existing owner.

In an area currently experiencing substantial commercial growth underpinned by big-name corporates including Woolworths, Aldi, Dan Murphy’s and McDonalds all within 500m, this strategic locality is also well serviced by way of passing public transport.

Don’t miss this rare opportunity to acquire a tightly held commercial property with the security of an existing popular hospitality tenant.