Retail Listings

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Teska Carson is marketing a retail investment or owner-occupier opportunity located within the Wheelers Hill Shopping Centre in Melbourne’s eastern suburbs.
The property, Shop 26 (pictured above) will be auctioned August 17 on site.
The 46 sqm holding which comprising an open plan retail/services area and a small consulting room at the rear, was previously tenanted by an optometrist but is currently vacant.
Shop 26 is located internally between Woolworths Supermarket and the southern entrance of the centre which includes other major brands.
According to marketing agents, Teska Carson’s Fergus Evans and Michael Ludski the location was experiencing an emerging gentrification.
They expect strong enquiry and Mr Ludski said Wheelers Hill lies within one of Melbourne’s most rapidly growing regions.
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Wheelers Hill Shopping Centre shop on market

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Teska Carson is marketing a retail/residential investment opportunity at Malvern in Melbourne’s inner east.
The 1411 Malvern Road property comprising a two level 200 sqm building with both retail and residential components will be auctioned July 20 at 1pm on site.
It is located between Cressy Street and Tooronga Road.
The ground floor includes a self-contained retail tenancy accessed from Malvern Road and a rear one-bedroom apartment which is accessed from the laneway, while upstairs, also with access from the rear, is a first floor, two bedroom and study apartment with a north facing balcony.
The 241 square metre site, zoned Commercial 1, has seven metres street frontage and rear laneway access to parking for three cars.
The property will be sold subject to three lease agreements currently returning a combined $83,228 per annum on 12 month and less expiries.
Teska Carson’s Matthew Feld and Michael Ludski have marketed the property as "a lot of potential as a secure investment in a prime location" with potential for reconfiguration and multiple owners.
Mr Ludski said the low vacancy rate within the precinct reflected the demand for inner-east property generally but particularly along key thoroughfares such as Malvern Road.
 
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Malvern Road, Malvern retail/residential site listed

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396 George Street, which sits at the intersection of King Street, has been listed for sale in Sydney’s premium retail precinct.
The expression of interest campaign will be handled by Knight Frank together with JLL.
More than $30 million is tipped.
Knight Frank’s Dominic Ong, head of Asian Markets, suggests 396 George Street will attract interest from local and offshore investors.
396 George Street is currently tenanted by Telstra, providing a net passing income of approximately $1.21 million per annum until February 2020, with a five-year option.
He says the prized corner offers buyers an opportunity to secure a strong commercial property investment with potential rental upside given the repositioning of George Street Pedestrian Mall.
An extensive $15 million renovation was undertaken in 2014/2015 which saw the property integrated into the adjoining building.
The Sydney Metro Light Rail will be directly in front of the building.
“396 George Street is situated in what is considered Sydney’s equivalent to New York’s Fifth Avenue, Singapore’s Orchard Road, Hong Kong’s Causeway Bay, London’s Regent Street, and Paris’ Champs Elysees,” said Mr Ong.
Offers for 396 George Street July 19.
The two storey facade is in the Victorian Exotic style, the sole surviving example of the work of a significant outspoken dilettante and amateur architect and artist Harold Brees.
The building was constructed in the 1860s.
Brees himself described the style of the building as being "Domestic Antique - partaking of the Italian but without any Gothic." 
Just next door Investa has announced Woolworths as its newest tenant in The Sydney Arcade at <a href="https://www.urban.com.au/expert-insights/investing/85540-investa-announces-woolworths-is-newest-tenant-in-the-sydney-arcade-at-400-george-street" target="_blank">400 George Street</a>.
Comino recently acquired the Soul Pattinson Chemist at Pitt Street Mall for $100 million and also owns the flagship Apple store across the road and the Louis Vuitton store diagonally opposite.
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396 George Street, Sydney has for the first time, been publicly listed for sale

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The retail space that previously hosted the Rick Hart and Harvey Norman stores has been listed by the former Fremantle president.
<a href="https://www.realcommercial.com.au/property-offices-wa-osborne+park-502720010" target="_blank">The Guthrie Street, Osborne Park space</a> north-west of the Perth CBD is being advertised as the previously the home of one of Perth's most successful retail businesses.
It comprises a near 600 square metres ground floor showroom and a 210 square metres first level office.
Hart paid $750,000 in 2001.
WA Commercial Real Estate agent Daniel Sanzone is asking for $1.75 million.
Hart is also selling his Coolbinia home north of Perth, asking $2,895,000. He's also listed a renovated East Perth riverfront apartment.
Hart began retail trading in electrical appliances in 1975 and was the Dockers president until 2009.
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Rick Hart lists Osborne Park retail space

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The Windmill, as its design suggests, is a retail property in Gold Coast hinterland's Mudgeeraba well suited for an investor or home-based operator and is up for sale for offers above $659,000.
This <a href="https://www.realestate.com.au/property-house-qld-mudgeeraba-120556117" target="_blank">410 Gold Coast Springbrook Road</a> property on the main road to the Springbrook National Park is set on approximately one acre and offers a complete business with work-from-home set up.
The fully renovated place features a retail store, commercial kitchen, reception/ bar, restaurant and/or cafe with multiple formal and informal dining areas, toilets, private function venue, parking and a two-bedroom residence.
The full-sized reception/ bar includes a point of sale, coffee machine and services the formal and informal dining areas. There is also an alfresco seating area. 
The property is still for sale through Luke Fredericton of Holmes &amp; Moore after being on the market for over 1000 days.
 
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