625 Glen Huntly Road, Caulfield, VIC 3162
$1,200,000 GST Excl.
Total Floor: 230 m²

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Property Description

Great commercial opportunity for owner-occupied or investment!

Available vacant or tenanted - contract to be negotiated, currently month-to-month.

Commercial Zone 1, ground + basement space currently occupied by Bliss Beauty Centre, which has 6 business operations:

• Ground Floor

  • Hairdresser Saloon (4 chairs)

  • Beauty Space

  • Coffee Takeaway Shop

Basement

  • Fitness Studio

  • Beauty Space

  • Massage and Reiki Space

  • Infrared Sauna

Additional space utilisation includes a laundry, two storage spaces and an office, exemplifying the rich arrangement of the lot. The business accumulates an approximate annual rent of $60,000 excluding GST. The tenants and current management are willing to continue their operations under the new ownership, indicating a perfect investment opportunity! Present multifunctional experts comprise: hairdressers, beauticians, nail technician, lash and brows specialist, massage and reiki specialist, fitness instructors, and barista.

Conversely, it can be reimagined into another business venture. The property is extensively flexible and versatile, with its large space and location granting substantial creativity and discretion. For example, it may be repurposed into a Retail store or Hospitality venue, such as a restaurant, coffee bar, or cocktail bar etc.

The building is in exceptional condition, only 4 years old, and with a reinforced wall and slab in the basement, providing extra thickness as a safety measure and for noise reduction. Furthermore, front door amendment is approved (if required).

This is an ideal opportunity to add to your portfolio!

Features:

  • Frontage of 6.63 m

  • Separate entrances to the ground floor and basement

  • One car space for management

  • Sprinkler system (within the basement as well)

  • Rear access from Murray Street

Body corporate fees: $4,500 p/y

Rates: $1,600 p/y

Location:

  • Superb location within Caulfield due to its popular development enterprises

  • In a lively shopping strip with plenty of foot and vehicle traffic

  • Within a wealthy suburb, whose residents have ample disposable income

  • Near the Glen Huntly Rd and Kooyong Rd intersection

  • Tram and bus stop on the doorstep

  • On the same road as and 500 m to Elsternwick shopping strip

  • 7 min walk to Hawthorn Rd

  • 3 min stroll to Caulfield Hospital

  • 5 min drive to Caulfield Racecourse and Monash University