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 an exceptional opportunity for investors or owner occupiers to acquire a freestanding commercial building on a substantial block of approximately 664 square meters.

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, along with ample storage space and generous off-street parking, enhancing the property's functionality and appeal.

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

The location is strategically advantageous, situated in an area experiencing significant commercial growth. This growth is supported by the presence of major corporates such as Woolworths, Aldi, Dan Murphy’s, and McDonald's, all within 500 meters of the property. Additionally, the site is well serviced by public transport, ensuring 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 a compelling proposition for both investors and owner-occupiers seeking a foothold in a thriving commercial precinct.