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Thriving Fringe Retail Investment With Long Lease

10 Pratt Street & 44 Young Street, MOONEE PONDS VIC, 3039

Sold

Property Sold in 10 Pratt Street & 44 Young Street, MOONEE PONDS VIC, 3039

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  • Ryan Amler
Listing ID:
11365370
Status:
Sold
Price:
FOR SALE | CONTACT AGENT
Last Updated:
05/12/2019
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Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

120 SQM
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Parking

N/A

Thriving Fringe Retail Investment With Long Lease

Ray White Commercial is pleased to offer to market 10 Pratt St & 44 Young St Moonee Ponds. This thriving city fringe investment is only 7km* from Melbourne CBD.

Currently operating a "Dee Dee Thai Cuisine" since July 2018, the property offers an exceptional investment opportunity with a five (5) year lease & one further term of three (3) years.

Located directly opposite Woolworths Supermarket and situated in front a pedestrian crossing, the location is second to none when it comes to passing foot-traffic and exposure. Not to mention only metre's from the renowned and thriving Puckle St Retail Strip. Also situated amongst many established and nationally recognised retailers.

The area is thriving and this property is sure to do the same for years to come.

Landlord fixture and fittings include a full commercial kitchen with fully operational equipment, such as two cools rooms, canopy, stainless steel benches and heating / cooling.

• Total building area | 120 m2 approx.
• Including full commercial kitchen with extraction canopies & two walk-in cool rooms
• Five (5) year lease commenced July 2018 with a further three (3) year option
• Current rental $56,649.84 Per Annum plus GST plus Outgoings
• 3% annual increases & market review at option
• Three (3) months security bond

Please contact the exclusive selling agents:

Ryan Amler | 0401 971 622
Joshua Colosimo | 0413 790 309

* All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

For more details, please email agent

Ray White Commercial Oakleigh

7-9 Atherton Road, Oakleigh, VIC 3166

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  • Ryan Amler

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