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567 High Street Prahran VIC 3181

  • Shop & Retail
  • 264 m²
  • Commercial Auction

TASTY STONNINGTON INVESTMENT

  • Corner freehold investment
  • Future development potential (STCA)
  • Multiple income streams

An outstanding corner freehold asset with multiple income streams anchored by national tenant, 'Pizza Hut' with 270 stores Australia wide.

Gorman Commercial together with Crabtrees Real Estate are delighted to offer 567 High Street, Prahran for sale via public auction.

Auction: Friday 15th October 2021 at 12 noon on-site

The property comprises two separate tenancies with a combined total income of $103,614 pa net and total building area of 264 sqm approx. The triple street frontage and land of 223 sqm approx. provides exceptional future development potential (S.T.C.A.).

Pizza Hut:
* Lease: 3+3+3 years
* Income: $77,864 pa net
* Rent reviews: annual 4% increases
* Building area: 184 sqm approx.

Hairdresser:
* Lease: 3+3 years
* Income: $25,750 pa net
* Rent reviews: annual 3% increases
* Building area: 80 sqm approx.

Located between Grandview Grove and Chatsworth Road, Prahran, only 600m from Hawksburn Village.

Auction date and time15/10/2021 12:00
Auction location567 High Street, Prahran VIC
Jonathon McCormack
Gorman Commercial
Jonathon McCormack
Gorman Commercial
Andrew Prowse
Gorman Commercial
Andrew Prowse
Gorman Commercial
Chris McKenzie
Crabtrees Real Estate
Chris McKenzie
Crabtrees Real Estate
Saul Akoka
Crabtrees Real Estate
Saul Akoka
Crabtrees Real Estate

Property Highlights

Property ID2017254270
Floor Area264 m²
Land Area223 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  16 Sep 2021
Map for 567 High Street Prahran VIC 3181
Map for 567 High Street Prahran VIC 3181567 High Street Prahran VIC 3181
Jonathon McCormack
Gorman Commercial
Jonathon McCormack
Gorman Commercial
Andrew Prowse
Gorman Commercial
Andrew Prowse
Gorman Commercial
Chris McKenzie
Crabtrees Real Estate
Chris McKenzie
Crabtrees Real Estate
Saul Akoka
Crabtrees Real Estate
Saul Akoka
Crabtrees Real Estate

Property Highlights

Property ID2017254270
Floor Area264 m²
Land Area223 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  16 Sep 2021
Gorman Commercial
415 Riversdale Road Hawthorn VIC 3122
Jonathon McCormack
Gorman Commercial
Jonathon McCormack
Gorman Commercial
Andrew Prowse
Gorman Commercial
Andrew Prowse
Gorman Commercial
Chris McKenzie
Crabtrees Real Estate
Chris McKenzie
Crabtrees Real Estate
Saul Akoka
Crabtrees Real Estate
Saul Akoka
Crabtrees Real Estate
Jonathon McCormack

Jonathon McCormack

Gorman Commercial

Andrew Prowse

Andrew Prowse

Gorman Commercial

Chris McKenzie

Chris McKenzie

Crabtrees Real Estate

Saul Akoka

Saul Akoka

Crabtrees Real Estate

0418 *** ***
0418 835 885

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