2/574 Swan Street Richmond VIC 3121

POINT OF INTEREST:

A truly eye-catching commercial property offering 87 sqm* of prime retail space, leased by the renowned Shuji Sushi Leasing Pty Ltd, trading as Shuji Sushi. Shuji Sushi, founded by brothers Eric and Zar Lee in 2000, has risen to prominence with its commitment to delivering quality, affordable, and authentic Japanese cuisine. Now they boast 20+ stores across the country, priding themselves on delivering the highest of quality. The current lease term spans five (5) years, ensuring long-term stability, with a further five (5) year option. The tenant is responsible for outgoings as per the lease, generating a solid rental income of $59,060.30 per annum plus GST. Additionally, the property includes an additional 5 sqm of storage space, providing ample room for all operational needs. 

- 92 sqm* of total commercial space.
- Currently leased to Shuji Sushi.
- Recently renewed lease term of five years + five years.
- Commenced 1st November 2022.
- Tenant in occupation since November 2007.
- Solid rental income of $59,060.30 per annum as of 1st Nov 2024.
- 5 sqm* of separately titled additional storage space.
- Commercial 1 Zone (C1Z).
- High foot traffic and densely populated area.

POINT OF VIEW:

This property is one of the few retail spaces available within a predominantly office-focused business park. Featuring a secure lease, an accessible price point and a reliable tenant, it presents an excellent investment opportunity for astute investors of all walks of life.

*Approx.
Pricing excludes GST