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5 Commercial Road, SOUTH YARRA, VIC, 3141

2. Property Highlights

Bustling Restaurant in "The Block" Featured South Yarra Icon
  • Secure 4 + 4 Year Lease to 2028
  • Tenant pays all usuoutgoings
  • 133sqm Internal + 195sqm Alfresco Area

+ Secure 4 year lease plus option to August 2028.

+ Bustling restaurant on the ground floor of the South Yarra Icon - “The Blocktagon”, featured on “The Block”.

+ High profile ground floor corner location

+ Modern 133sqm* restaurant premises plus architect designed 195sqm* alfresco area.

+ Kai Dining: Experienced and successful operator.

+ Annual rent review and tenant responsible for all usual outgoings.

+ Single tenant minimum management investment.

+ Strategically located on busy commercial road, 10 metres to the Alfred Hospital and next to Punt Road with 33,000 vehicles passing daily

+ South Yarra: affluent inner city suburb with median house price of $2,192,000.

+ Net Rent: $51,490 pa + GST

*approx.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 30 March 2022

Crown Casino, Melbourne.

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

5 Commercial Road, SOUTH YARRA, VIC, 3141

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4. Due Diligence

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