TASTY STONNINGTON INVESTMENT

Description

*** ONLINE AUCTION THIS FRIDAY 15TH OCTOBER AT 12PM ***
Registration required to receive online auction link.

Crabtrees Real Estate in conjunction with Gorman Commercial are proud to present 567 High Street Prahran For Sale via Online Auction on Friday 15th October 2021 at 12noon. Registration required to receive online auction link.

* Corner freehold investment
* Future development potential (STCA)
* Multiple income streams

This outstanding corner freehold asset with multiple income streams anchored by national tenant, Pizza Hut with 270 stores Australia Wide

Pizza Hut
+ Lease 3+3+3 years
+ Income $77,864 pa net
+ Rent reviews: annual 4% increases
+ Over 14 years of trading since 2007

Hairdresser
+ Lease 3+3 years
+ Income $25,750 pa net
+ Rent reviews: annual 3% increases

+ Total combined income: $103,614 pa net
+ Two seperate tenancies
+ Future development potential (STCA)
+ Triple street frontage

Located between Grandview Grove and Chatsworth Road, Prahran, just 600m from Hawksburn Village

To register your interest to bid, please contact Saul Akoka on 0427 632 030 or Chris McKenzie on 0418 321 065.

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!