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Shop 1/572 Swan Street
Richmond VIC 3121
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Sold on 29 Nov 2019

Shop 1/572 Swan Street Richmond VIC 3121

  • Shop & Retail
  • 310 m²
  • Sold

Prominent Swan Street Café Investment

  • Circa 6.5% - 7% Yield Expected
  • Expansive Combined Frontage of 34 Metres
  • Long Secure Lease To Quality Tenant

NEW CLOSING DATE - WEDNESDAY 20th NOVEMBER

- Impressive ground floor café of 310sqm* plus 190sqm* of outdoor seating area
- Combined area on title of 500sqm*
- 5 x 5 x 5 year lease to established and well regarded hospitality operator
- Returning $135,200 per annum plus GST
- Fixed annual rental increases
- Highly exposed frontage of 22 metres* to Swan Street and 14 metres* to Central Drive
- Situated at the entrance to the renowned Botanicca Corporate Park
- Future-proof location surrounded by a mix of high grade commercial buildings, hotel accommodation and high density residential
- Major companies occupying neighbouring buildings include David Jones, Country Road, Harris Scarfe, GE, Fulton Hogan and Wells Fargo plus many more
- Strong trading conditions due to high demand from nearby corporate occupiers and the local residential catchment
- Only 4kms* from the CBD and within close proximity to all forms of public transport including Swan Street tram network and a short walk to Heyington and Burnley train stations
- Rare opportunity to invest in one of Melbournes most dynamic and tightly held commercial locations

*approx

FOR SALE BY DEADLINE CLOSING WEDNESDAY 20th NOVEMBER AT 2PM

Supporting Documents

Brochure
Fitzroys Pty Ltd
Fitzroys Pty Ltd
Level 27/360 Collins St
Melbourne, VIC 3004

Property Highlights

Date Sold29 Nov 2019
Floor Area310 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2015747161
Category
Last updated  29 Nov 2019
Map for Shop 1/572 Swan Street Richmond VIC 3121

Nearest transport* to Shop 1/572 Swan Street Richmond VIC 3121

Bus
Train
Tram
Hawthorn Railway Station/Burwood Rd (Hawthorn)762 m
Elgin Pl/Power St (Hawthorn)942 m
Burnley Station/Burnley St (Burnley)1.1 km
Grace Park/Power St (Hawthorn)1.1 km
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Fitzroys Pty Ltd
Fitzroys Pty Ltd
Level 27/360 Collins St
Melbourne, VIC 3004

Property Highlights

Date Sold29 Nov 2019
Floor Area310 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2015747161
Category
Last updated  29 Nov 2019

Listed by

Chris Kombi
Chris Kombi
Fitzroys Pty Ltd
Call
0438 156 236

More about Shop 1/572 Swan Street Richmond VIC 3121

Shop 1/572 Swan Street Richmond VIC 3121 is categorized as Shop & Retail Property. It has a floor area of 310 m². The listing ID for this property is 2015747161.

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