147-149 Cecil Street

South Melbourne VIC 3205

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Sold on 24 Mar 2021

147-149 Cecil Street South Melbourne VIC 3205

Shop & Retail
167 m²
Sold, $1,935,000

High yielding Retail investment, circa 5% net

Centrally located prime retail premises housing Austro bakery cafe. Located less than 100 metres from South Melbourne Market.

The building benefits from dual street frontages (Hotham St) which allows access for secure undercover parking at street level for 2 vehicles (on title).

Boasting a 5 year lease to a strong tenant, with 2 x 5 year options, and 4% annual rent increases. Rent at 7 March 2021 will be $101,237.76 + GST plus outgoings.

A great opportunity to purchase this tightly held ground floor retail premises of approx 167 sqm with 10.4 metre street frontage in a prominent inner city location.

On site Auction 2.00 p.m. Wednesday 24th March 2021.

AUCTION

Auction date and time	24/03/2021 14:00
Auction location	Grnd Flr /147-149 Cecil Street, SOUTH MELBOURNE,

Lemon Baxter Pty Ltd

Level 1, 68 Clarke St

South Melbourne, VIC 3205

Property Highlights

Date Sold	24 Mar 2021
Sold Price	$1,935,000
Floor Area	167 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016812568
Category	Shop & Retail
Last updated	14 Apr 2021

Map for 147-149 Cecil Street South Melbourne VIC 3205

Nearest transport* to 147-149 Cecil Street South Melbourne VIC 3205

Bus

Train

Tram

South Melbourne Market/Cecil St (South Melbourne)	94 m
South Melbourne Market/Cecil St (South Melbourne)	114 m
Ferrars St/Dorcas St (South Melbourne)	199 m
Ferrars St/Dorcas St (South Melbourne)	209 m

*Within a 4km radius

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Lemon Baxter Pty Ltd

Level 1, 68 Clarke St

South Melbourne, VIC 3205

Property Highlights

Date Sold	24 Mar 2021
Sold Price	$1,935,000
Floor Area	167 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016812568
Category	Shop & Retail
Last updated	14 Apr 2021

Listed by

Lemon Baxter Pty Ltd

Call

03 9699 7500

More about 147-149 Cecil Street South Melbourne VIC 3205

147-149 Cecil Street South Melbourne VIC 3205 is categorized as Shop & Retail Property. It has a floor area of 167 m². The listing ID for this property is 2016812568.

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