4 year lease + options to longstanding & successful tenant.
Fixed 3% rent increases assuring rental growth.
Tenant pays all usual outgoings.
High profile 623 sqm corner landholding with dual frontage and access over 50 metres.
Highly desirable location within close proximity of Chapel Street retail and entertainment precinct, Prahran Station etc.
Exciting future development opportunity with premium Activity Centre zoning.
Prominent 345 sqm building consists of 3 integrated shops and workshop with 2 high RSD’s.
Prahran: tightly held and desirable inner city suburb with median house price of $1.425 million.
Rent below market levels - Market Review due 2020.
Rent: $125,186 p.a. + GST
For more details, please email agent