One of Southeast Melbourne's long-standing icons is for sale. Well-established as a reception centre the property has hosted numerous weddings, engagement parties, corporate functions and the like. Currently tenanted by "White Orchid Receptions" and fully operational make this property a significant addition to any investment portfolio.
This Clayton Road property is easily accessed from the Dingley bypass or Heatherton Rd and has plenty of onsite parking at the rear. A sizable building consisting of a reception area, a separate lobby, 2 sets of male and female toilets, office, storage rooms and a large fully equipped kitchen. The venue comfortable accommodates 700 guests for dining and dancing with an additional function area available. Two change rooms with bathroom facilities are available on an upper floor providing private change facilities for the wedding party or as required by the client.
Close to bay side suburbs like Moorabbin and Cheltenham the venue attracts a variety of clients and corporations throughout Melbourne who wish to hold medium and large functions during the year.
Main features:
Main function room accommodates 700+ guests
Flexibility to hold large and smaller functions at the same time
Ample parking at the rear of the venue
Located in the Southeastern suburbs on Clayton Rd near the Dingley bypass.
Property Features:
* Lettable area: internal = 1126.7m2 total site: 8189m2 approx.
* Customer car spaces: 220, Plus 10 reserved for Tenant (230)
* Zoning: Green Wedge A Zone (GWAZ)
* Current Tenant: White Orchid Receptions.
* Lease, 5 years commenced 11 February 2022
* Lease renewal 10 Feb 2027, 5 years with further term of 5 yrs
* Rental Return 2024: $ 23,339.80 pcm. including GST, Plus outgoings
Internal Area by usage
Reception = 60 m2
Lobby 1 = 46.8m2 Function room 1 = 153.9m2
Lobby 2 = 215m2 Function room 2 = 576m2 Raised concrete floor 75m2
Total internal guest area = 1126.7m2