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Prime Toorak Village Investment, Showing a 5% Return

Shop 3/521 Toorak Road, TOORAK VIC, 3142

Sold

Property Sold in Shop 3/521 Toorak Road, TOORAK VIC, 3142

Listing ID:
11353734
Status:
Sold
Price:
$612,000
Last Updated:
11/09/2019
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Property Type

Retail/Offices
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Land Area

N/A
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Floor Area

62 SQM
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Parking

0

Prime Toorak Village Investment, Showing a 5% Return

This stunning 62sqm showroom located in Toorak Place Arcade is currently leased as a Beauty Therapy Salon on a 3 year lease, due to expire on the 31st March, 2021, with 3 further 3 year terms.

Current rental income is $30,600 which shows a return of 5% with the tenant paying outgoings as well.

Invest in arguably Melbourne’s most prestigious Arcade in Melbourne’s most prestigious suburb.

Next rent review due 1st April 2020 with plus CPI.

Security deposit paid $6,600.

Large on site basement car parking available for customers.

High quality development, which includes 13 shops, offices, health & fitness centre and 54 residential apartments.

For more details, please email agent


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Castran Gilbert (Aust) Pty Ltd

Level 2, 108 Toorak Road, South Yarra, VIC 3141


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