Shops 15 & 16, 284-286 Highett Road Highett VIC 3190

Shop & Retail
357 m²
Sold

New 10-year leased investment the perfect set and forget

Strong net rental of $225,000 per annum
Fixed 4% annual rent increases
In the heart of Highett Rd retail strip

Colliers is delighted to offer a trophy asset investment opportunity at Shops 15 & 16, 284-286 Highett Road, Highett for Private sale. Comprising a brand new 10 year lease in such a popular retail strip on the Bayside, this is an opportunity not to be missed.

Key investment highlights are as follows

Net income of $225,000 per annum plus GST (approx.)
New 10 year lease with a 10 year option
Fixed 4% annual increases
Tenant trading as the hugely popular F8 Cafe holding a 4.7/5 star Google rating
Thriving restaurant with fully fitted commercial kitchen totalling 357sqm
In the heart of the popular Highett Road retail/entertainment precinct
Only metres from Highett Railway Station and surrounded by a plethora of popular national brands including Woolworths, BWS, Hunky Dory, Baker's Delight, Aus Post and many more
Highly affluent catchment of surrounding residents

Colliers strongly recommends this trophy investment for your serious consideration. For further information please contact the Colliers agents below.