NAI Harcourts is proud to offer this blue-chip property for the first time in 40 years. With a long-term lease in place, it is ideal for the astute investor seeking future value-add or development potential (STCA).

This fantastic development site is located in the heart of Clayton, boasting unrivalled main road exposure to Dandenong Road and proximity to Monash University, Monash Hospital, and Chadstone Shopping Centre.

- Land Area: Approximately 212m²
- Retail Area: Approximately 132m²
- Lease Details: 5-year lease starting from 21/07/2021, with two additional terms of five (5) years each
- Current Return: $37,113.78 per annum
- Features: R.O.W. with council parking at the rear
- Zoning: Commercial 1
- Location: High-profile corner at the intersection of Dandenong Road (Princes Highway) and Clayton Road
- Development Potential: There have been significant investments in the area, including mixed-use developments and commercial properties
- Market Demand: There is a steady demand for retail spaces in Clayton, with numerous properties being sold and leased regularly. This indicates a healthy market for retail commercial buildings

Don't miss out on this rare opportunity to invest in one of Melbourne's most rapidly gentrifying suburbs!