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2. Property Highlights

TROPHY INVESTMENT!
  • LONG LEASE TO ICONIC TENANT
  • OUTSTANDING CORNER POSITION
  • ANNUAL CPI INCREASES

Crabtrees Real Estate are excited to offer 27 Portman Street, Oakleigh for Sale via Expressions of Interest closing Wednesday 28th February at 3pm.

This trophy investment is securely leased to iconic tenant Nikos Quality Cakes Pty Ltd on one of Oakleigh's best corners. The property comprises a highly exposed corner two (2) level retail/office building.

TENANCY DETAILS:

+ Leased to iconic tenant Nikos Quality Cakes Pty Ltd

+ Returning $93,362.40 per annum plus GST & Outgoings as of 1st March 2024

+ Six (6) year lease from 1st March 2021 with one (1) further term of six (6) years

+ Annual CPI increases

KEY FEATURES:

+ Total building area: 170 sqm

+ Rendered, full glass & aluminium façade

+ Polished concrete floor

+ High quality internal fit out

+ Outstanding exposure being on the corner of Eaton Mall & Portman Street

+ Rare opportunity for investors to secure a landmark retail investment with one of Melbourne's most recognisable addresses

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!

Remember to mention you found this property on CommercialReady

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3. Property Location

27 Portman Street, Oakleigh, VIC, 3166