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Ground Floor/424 New Street, BRIGHTON, VIC, 3186
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Ground Floor/424 New Street, BRIGHTON, VIC, 3186

2. Property Highlights

Thriving Bayside Melbourne - Brand New 7 Year Lease
  • Secure 7 Year Lease - Proven Performer
  • Fixed 4% Annual Rent Increases
  • High Quality Capital Intensive Fit-out

+ Brand New 7 year lease plus options to 2049.

+ Leased to proven performer Ladygreen Café, licensed café trading since 2018.

+ Tenant pays all usual outgoings as per the lease.

+ Immaculate quality 160sqm* ground floor retail plus 60sqm* alfresco dining & on-site parking.

+ Fixed compounding annual 4% rent increases.

+ Single tenant, minimal management investment located in an award winning retail development.

+ High Quality capital intensive fit-out.

+Superb exposure to busy New Street, a blue-chip retail location and adjoins a brand new Gumnut supermarket due to open in 2022.

+ Brighton: Melbourne’s premier bayside suburb with a median house price of $3,380,000.

+ Net Income: $105,150* + GST.

For Sale by Private Treaty

* Approx

Remember to mention you found this property on CommercialReady

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Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588

3. Property Location

Ground Floor/424 New Street, BRIGHTON, VIC, 3186

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4. Due Diligence

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Ground Floor/424 New Street, BRIGHTON, VIC, 3186 Brighton
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588
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