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Sold on 6 Jun 2018

5/3 King Street Prahran VIC 3181

  • Retail
  • 56 m²
  • Sold

Prahran's Sweetest Investment

Colliers International is pleased to offer this outstanding strata retail investment for Private Sale. The property, located on the ground floor of the architecturally designed building offers a rare opportunity to acquire a securely tenanted strata retail investment to a successful operator established in 2006.

Key investment highlights are as follows:

• Exceptional location in the heart of Prahran’s retail and hospitality precinct
• Securely leased to ‘Red Balloon Candy Artisans’ until 2020 with a further 3 year option
• Annual rental of $42,744pa (As of 1st May 2018)
• Desirable fixed 4% annual increases
• Floor Area: 56m² approx.
• Brief walk to trams and Prahran Train Station
• Abundance of car parking options nearby, including large public car park 50m from property
• 7 Day trading conditions due to high volume of shoppers, tourists and students

To arrange an immediate inspection or for further information, please contact the exclusive sales agents at Colliers International.

Property Highlights

Property ID2014259299
Date Sold6 Jun 2018
Floor Area56 m²
Land AreaAsk Agent
ParkingOn site parking available
Category
Last updated  19 Apr 2018
Map for 5/3 King Street Prahran VIC 3181
Colliers International | Melbourne East
Chadstone Tower One Level 7, 1341 Dandenong Road Chadstone VIC 3148

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