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254 Chapel Street, PRAHRAN, VIC, 3181

+8 Photos

+10 Photos

SOLD

254 Chapel Street, PRAHRAN, VIC, 3181

Properties / Sold / Victoria / Prahran

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1 m² (*approx)

Floor Area

203 m² (*approx)

Property Type

Retail, Other

Sub-type

Cafe/Restaurant

Terms

5 year net lease to July 2026 plus options to 2041

Est. Income

$106,003 p/a

Fully Leased

Namak Indian Restaurant

Show All

2. Property Highlights

Spice It Up | Prized Chapel St Corner

5 Year Lease plus options to 2041
Directly Opposite Prahran Town Hall
Annual Rent Review

Burgess Rawson is pleased to offer to the market, 254 Chapel Street for sale via our Auction Investment Portfolio 159.

+ 5 year net lease to July 2026 plus options to 2041

+ Guaranteed future rental growth with minimum 3% annual rent increases or CPI (whichever is the greater amount)

+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings

+ Prominently located on the world-renowned Chapel Street and surrounded by key national tenants including; Coles, Dan Murphy’s, Woolworths, JB Hi-Fi, Rebel Sports and Nike and leading gyms.

+ Immaculate 203*sqm ground floor retail premises with a large commercial kitchen and quality intensive fit-out with 37 metres of frontage and exposure to Chapel Street and King Street.

+ Minimal management, essential service investment.

+ Prahran: Affluent inner-city suburb with a median house price growth of 14.2% over the past 2 years to $1.8 million**

+ Rent: $113,000 pa* + GST (July 2023)

To be sold by Investment Portfolio Auction:

10:30am AEDT Wednesday 29 March 2023

Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx

**www.realestate.com.au

Remember to mention you found this property on CommercialReady

Property Type

Retail, Other

Sub-type

Cafe/Restaurant

Est. Income

$106,003 p/a

Tenant

Namak Indian Restaurant

Terms

5 year net lease to July 2026 plus options to 2041

Land Area

1 m² (*approx)

Floor Area

203 m² (*approx)

Selling Method

Auction

Auction Date

29 Mar 2023 10:30AM

Add to calendar

Selling Details

Price on Request

2. Property Highlights

Spice It Up | Prized Chapel St Corner

5 Year Lease plus options to 2041
Directly Opposite Prahran Town Hall
Annual Rent Review

Burgess Rawson is pleased to offer to the market, 254 Chapel Street for sale via our Auction Investment Portfolio 159.

+ 5 year net lease to July 2026 plus options to 2041

+ Guaranteed future rental growth with minimum 3% annual rent increases or CPI (whichever is the greater amount)

+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings

+ Prominently located on the world-renowned Chapel Street and surrounded by key national tenants including; Coles, Dan Murphy’s, Woolworths, JB Hi-Fi, Rebel Sports and Nike and leading gyms.

+ Immaculate 203*sqm ground floor retail premises with a large commercial kitchen and quality intensive fit-out with 37 metres of frontage and exposure to Chapel Street and King Street.

+ Minimal management, essential service investment.

+ Prahran: Affluent inner-city suburb with a median house price growth of 14.2% over the past 2 years to $1.8 million**

+ Rent: $113,000 pa* + GST (July 2023)

To be sold by Investment Portfolio Auction:

10:30am AEDT Wednesday 29 March 2023

Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx

**www.realestate.com.au

Remember to mention you found this property on CommercialReady

Tenanted Investment