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137-139 Main Street, CROYDON, VIC, 3136

2. Property Highlights

Renewed 12 Year Lease with Fixed 4% Increases
  • Long 12 year lease to 2033
  • Proven business on-site 13+ years
  • Tenant pays all usual outgoings

+Renewed Twelve (12) year lease to June 2033

+Kofi Beans: longstanding café with huge & loyal customer base on-site 13+ years

+Rare fixed 4% annual rent increases assuring growth

+Investor preferred net lease terms with the tenant paying all usual outgoings

+Proven freehold retail building with direct exposure to high foot traffic pedestrian crossing

+High profile 288sqm site on main retail strip with important dual street frontage and exposure

+Desirable Main Street position amongst Australia Post, all major banks and brand new $18m multi-storey car park

+Croydon: metro suburb only 27km east of the Melbourne CBD, median house price up 15.8%**

+Net Income: $77,427pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 3 August 2022

Crown Casino - River Room

*approx.

**realestate.com.au

Remember to mention you found this property on CommercialReady

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3. Property Location

137-139 Main Street, CROYDON, VIC, 3136

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4. Due Diligence

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137-139 Main Street, CROYDON, VIC, 3136 Croydon
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