54 Grubb Road
Ocean Grove, VIC 3226

Superbly positioned at the gateway to Ocean Grove and benefitting from strong passing traffic, this Industrial 1 Zone property offers a remarkable opportunity for investors or owner occupiers to acquire an attractive freestanding building on a substantial 664 square meter block of land.

The property is currently operating as a popular restaurant, featuring approximately 178 square meters of floorspace. This includes generous indoor and outdoor dining areas, complemented by a commercial kitchen equipped with a cool room. Additional common facilities are available, alongside ample storage space and generous off-street parking.

For investors, a lease option generating $72,000 per annum provides an attractive, ready-made income stream. Buyers interested in establishing their own restaurant business can take advantage of a recent fit-out and floorplan adjustments made by the current owner, allowing for a smooth transition and operational setup.

The location is strategically significant, situated in an area experiencing substantial commercial growth. It is supported by major corporates such as Woolworths, Aldi, Dan Murphy’s, and McDonald's, all within 500 meters. The property is also well serviced by public transport, enhancing accessibility for customers and staff alike.

This is a rare opportunity to acquire a tightly held commercial property with the security of an existing popular hospitality tenant, making it an excellent investment or business establishment prospect in a thriving commercial precinct.