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99 High Street, Prahran, VIC, 3181

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99 High Street, Prahran, VIC, 3181

Prahran

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99 High Street, Prahran, VIC, 3181

Prahran

SOLD
99 High Street, Prahran, VIC, 3181

99 High Street, Prahran, VIC, 3181

Properties / Sold / Victoria / Prahran
Tenanted Investment
Selling Method
For Sale
Selling Details
$1,350,000
Property Type
Retail
Sub-type
Cafe/Restaurant
Terms
New ten (10) year lease, plus options
Est. Income
$74,987 p/a
Fully Leased
Little Havana sandwiches
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Prahran's Newest Retail Investment Featuring Ten (10) Year Lease
  • Fully leased to well renowned operator
  • New 10 year lease plus options
  • Significant depreciation benefits

Colliers are pleased to present 99 High Street, Prahran for sale via Immediate Private Sale

On offer is a exceptional brand new retail investment, leased to well renowned operator, "Tennessee Wingboys", on a brand new long term lease.

The property is located in one of Melbourne's premier inner-city suburbs and within a brand new mixed-use developments by well renowned developers Chapter Group.

Key investment highlights include:

• New ten (10) year lease plus multiple options, to well renowned operator "Tennessee Wingboys"

• Returning $74,987* per annum net plus GST with fixed 3% annual increases

• Corner retail shop with 25 metres* of highly visible street frontage along High Street and Porter Street

• Situated in the heart of Prahran, one of Melbourne's finest inner-city suburbs, the property benefits from close proximity to major high retail strips including Chapel Street and Greville Street

• Brand new fit out providing strong depreciation benefits for incoming purchasers

• Immediate access to Prahran Train Station resulting in high levels of foot traffic from nearby residents and employees, as well as substantial vehicular traffic along High Street.

For further information regarding this investment opportunity or to arrange an inspection, please contact the Colliers agents below as the exclusive sales agents.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

Investment Summary

Property Type
Retail
Sub-type
Cafe/Restaurant
Est. Income
$74,987 p/a
Tenant
Little Havana sandwiches
Terms
New ten (10) year lease, plus options
Selling Method
For Sale
Auction Date
20 Jun 2024 01:00PM
Selling Details
$1,350,000

Investment Highlights

Prahran's Newest Retail Investment Featuring Ten (10) Year Lease
  • Fully leased to well renowned operator
  • New 10 year lease plus options
  • Significant depreciation benefits

Colliers are pleased to present 99 High Street, Prahran for sale via Immediate Private Sale

On offer is a exceptional brand new retail investment, leased to well renowned operator, "Tennessee Wingboys", on a brand new long term lease.

The property is located in one of Melbourne's premier inner-city suburbs and within a brand new mixed-use developments by well renowned developers Chapter Group.

Key investment highlights include:

• New ten (10) year lease plus multiple options, to well renowned operator "Tennessee Wingboys"

• Returning $74,987* per annum net plus GST with fixed 3% annual increases

• Corner retail shop with 25 metres* of highly visible street frontage along High Street and Porter Street

• Situated in the heart of Prahran, one of Melbourne's finest inner-city suburbs, the property benefits from close proximity to major high retail strips including Chapel Street and Greville Street

• Brand new fit out providing strong depreciation benefits for incoming purchasers

• Immediate access to Prahran Train Station resulting in high levels of foot traffic from nearby residents and employees, as well as substantial vehicular traffic along High Street.

For further information regarding this investment opportunity or to arrange an inspection, please contact the Colliers agents below as the exclusive sales agents.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Premium Investments Team
Premium Investments Team

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99 High Street, Prahran, VIC, 3181

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Property Location of 99 High Street, Prahran, VIC, 3181

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Colliers Premium Investments
Colliers Premium Investments
Level 30, Grosvenor Place, 225 George Street | Sydney, NSW 2000
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