FREEHOLD INVESTMENT WITH UPSIDE

Description

Crabtrees Real Estate are pleased to offer to the market For Sale 31 High Street, Glen Iris.

This securely tenanted investment offers Commercial 1 Zoning and is situated near major arterials such as Monash Freeway and Warrigal Road making it ideal for future development.

Lease Details:

+ Leased to Kenichi Okumura & Atsuki Hiriat trading as Izakaya Chouchou
+ Rental income of $60,000 per annum plus GST and Outgoings
+ Three (3) Year term commencing from July 2023
+ 4% annual increases
+ Two (2) further terms of three (3) years

Key Property Features:

+ Main road freehold with site area of 225 sqm*
+ Prime retail space of 140 sqm*
+ Commercial Kitchen Fit-out
+ Front and rear lane access
+ Commercial 1 Zoning ideal for mixed used redevelopment
+ Within a short distance to Monash Freeway Entrance

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!