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1/20 Miles Street
Mulgrave VIC 3170
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Sold on 20 Feb 2025

1/20 Miles Street Mulgrave VIC 3170

  • Shop & Retail
  • 122 m²
  • Sold

SECURE INVESTMENT WITH LONG-STANDING FOOD TENANT!

    Crabtrees Real Estate are pleased to offer Unit 1/20 Miles Street, Mulgrave for PRIVATE SALE.

    This fully leased investment, secured by a long-standing food/cafe operator 'Cafe On Miles' located in one of Melbourne's most sought after Industrial precincts would be a tremendous addition to your property portfolio.

    This investment provides key fundamentals, providing investors with secure income and stability.

    Investment Summary:
    + Rental: $54,210 pa plus Outgoings & GST as of March 2025
    + New five (5) year lease from March 2024
    + One (1) further term of (5) five years
    + 4.25% rent reviews annually with market review at end of first term
    + 6 month bond

    Key Property Details:
    + 122 sqm building area
    + 3 on-site car parks
    + Exposure to Miles Street Mulgrave
    + High foot traffic 'Cafe' with local support
    + A+ location only moments from Wellington Road, Monash Freeway, Princes Highway and just off Springvale Road

    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!

    Crabtrees Real Estate Oakleigh
    Crabtrees Real Estate Oakleigh
    2 Atherton Rd
    Oakleigh, VIC 3166

    Property Highlights

    Date Sold20 Feb 2025
    Floor Area122 m²
    Land AreaAsk Agent
    Parking3 x Onsite parkings
    Property ID2019628722
    Category
    Last updated  24 Feb 2025
    Map for 1/20 Miles Street Mulgrave VIC 3170

    Nearest transport* to 1/20 Miles Street Mulgrave VIC 3170

    Bus
    Train
    Tram
    Ferry
    Miles St/Springvale Rd (Mulgrave)421 m
    Mackie Rd/Springvale Rd (Mulgrave)455 m
    Kalimna Ave/Princes Hwy (Mulgrave)601 m
    Kalimna Ave/Princes Hwy (Mulgrave)602 m
    This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
    *Within a 4km radius
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    nbn® Fibre to the Curb (FTTC) is available in this property
    Max wholesale speed tier available: nbn® Fibre to the Curb
    Crabtrees Real Estate Oakleigh
    Crabtrees Real Estate Oakleigh
    2 Atherton Rd
    Oakleigh, VIC 3166

    Property Highlights

    Date Sold20 Feb 2025
    Floor Area122 m²
    Land AreaAsk Agent
    Parking3 x Onsite parkings
    Property ID2019628722
    Category
    Last updated  24 Feb 2025

    Co-Agents

    Pana Kritikos
    Crabtrees Real Estate Oakleigh
    Call
    0418 358 700
    Christos Spanos
    Crabtrees Real Estate Oakleigh
    Call
    0411 650 185

    More about 1/20 Miles Street Mulgrave VIC 3170

    1/20 Miles Street Mulgrave VIC 3170 is categorized as Shop & Retail Property. It has a floor area of 122 m². There are 3 x onsite parkings.The listing ID for this property is 2019628722.

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