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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

Enquire Now

Michael Torcasio

0434 351 468

Email Agent

Imogen Stokes

0418 767 342

Email Agent

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).

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

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.

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