52 Madden Grove
RICHMOND
- 2 Bed
- 2 Bath
Sold
OBVIOUS
A location known to many foodies across Melbourne and occupying a premier corner position!
Currently offered with a commercial retail tenancy in place, however, presents potential for future residential or development opportunity (STCA).
Positioned on approximately 185m² of commercial zone 1 land and securely leased to the renowned "Serotonin Cafe," offering a steady income stream. With exciting future upside for investors, developers, and owner-occupiers. The property consists of an open-plan single-level building with a polished concrete floor, and rear/side access via Stawell Street to the courtyard.
With an annual return of $47,750*, set to increase to $49,183* per annum on 25/03/2024, with the tenant covering all the usual outgoings.
Terms of Lease:
Three years starting on 25 March 2022
Review Dates: Fixed increases of 3% on 25 March 2023 and 25 March 2024
Further terms: Three further terms of three years each
Land size: 8.23m x 21.1m approx.
Land area: 185 sqm approx.
A city-edge location within the immediate vicinity of Monash Freeway, Swan Street, and Bridge Road retail shopping and bar/café/restaurant precincts, and walking distance to Burnley train station.
SEALS THE DEAL
A landmark 3121 acquisition and the perfect addition to any strategic investment portfolio, this is your chance to secure a commercial investment with both immediate returns and the potential for substantial future growth.
52 Madden Grove, Burnley, is offered for sale via Expressions of Interest closing Thursday 14th December 12:30 pm (AEDT).
Get in touch with us for more information
Sold
52 Madden Grove, richmond
Sold
Michael Torcasio
0434 351 468michael@whitefoxrealestate.com.au
Imogen Stokes
0418 767 342imogen@whitefoxrealestate.com.au
While the information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the information.
- Enquire Now
Sold
OBVIOUS
A location known to many foodies across Melbourne and occupying a premier corner position!
Currently offered with a commercial retail tenancy in place, however, presents potential for future residential or development opportunity (STCA).
Positioned on approximately 185m² of commercial zone 1 land and securely leased to the renowned "Serotonin Cafe," offering a steady income stream. With exciting future upside for investors, developers, and owner-occupiers. The property consists of an open-plan single-level building with a polished concrete floor, and rear/side access via Stawell Street to the courtyard.
With an annual return of $47,750*, set to increase to $49,183* per annum on 25/03/2024, with the tenant covering all the usual outgoings.
Terms of Lease:
Three years starting on 25 March 2022
Review Dates: Fixed increases of 3% on 25 March 2023 and 25 March 2024
Further terms: Three further terms of three years each
Land size: 8.23m x 21.1m approx.
Land area: 185 sqm approx.
A city-edge location within the immediate vicinity of Monash Freeway, Swan Street, and Bridge Road retail shopping and bar/café/restaurant precincts, and walking distance to Burnley train station.
SEALS THE DEAL
A landmark 3121 acquisition and the perfect addition to any strategic investment portfolio, this is your chance to secure a commercial investment with both immediate returns and the potential for substantial future growth.
52 Madden Grove, Burnley, is offered for sale via Expressions of Interest closing Thursday 14th December 12:30 pm (AEDT).
Sell with us
Our approach is tailored to you. Every property is unique, and so is our strategy. Through personalised marketing campaigns and data-driven insights, we connect your home with the right buyer - someone whose lifestyle, interests, and aspirations align perfectly with what your property has to offer. Backed by a vast interconnected office network, we can enhance your property's reach - locally and globally.
From the first consultation to the final handover of keys, we’re with you every step of the way, ensuring a seamless, stress-free process. Whether you’re selling a luxury residence, a modern apartment, or a unique family home, WHITEFOX combines expertise, innovation, and passion to achieve the best possible outcome.
52 Madden Grove
RICHMOND
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