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388-394 Raymond Street
Sale VIC 3850
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Sold on 14 Apr 2022

388-394 Raymond Street Sale VIC 3850

  • Offices
  • 1,407 m²
  • Sold

Securely Leased Commercial Investment with Upside

  • Substantial 1,407 sqm* landholding
  • Securely leased until March 2024
  • Future development potential (STCA)

Knight Frank and Wellington Real Estate are proud to present 388-394 Raymond Street, Sale.

- A superbly positioned, fully leased investment located in the heart of Sale
- Securely leased to Sales largest accounting firm (Phillipsons Accountants) until March 2024, having traded from the property since 2004.
- Currently returning $132,921 net per annum, with yearly CPI increases.
- Substantial city centre 1,407 sqm* Commercial 1 Zoned landholding with direct access to over 200 carparks.
- Well exposed building with 13.97m* frontage to Raymond Street with additional access and parking at rear.
- Prime positioning on Raymond Street, the retail and commercial epicentre of Sale.
- Irreplaceable commercial location just 200m* from major retailers like Woolworths, Coles, Bunnings and Chemist Warehouse.
- Favourable zoning, regular lot shape and dual access provide for a range of potential future development outcomes (STCA).

388-394 Raymond Street, Sale is for sale via an in-room/online auction on Friday 26 November at 1pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents below.

Auction Now Link:

https://auctionnow.com.au/properties/80671

Knight Frank

James Thorpe
+61 414 510 071
james.thorpe@au.knightfrank.com

Myles Neville
+61 425 662 272
myles.neville@au.knightfrank.com

Wellington Real Estate

Tony Kiss
+61 419 526 637
tkiss@wress.com.au

Knight Frank - Melbourne
Knight Frank - Melbourne
Level 29, 120 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold14 Apr 2022
Floor Area1,407 m²
Land Area1,407 m²
EnergyAsk Agent
ParkingOn site parking available
Building TypeWhole building
Property ID2017366697
Category
Last updated  9 Jul 2023
Map for 388-394 Raymond Street Sale VIC 3850
Knight Frank - Melbourne
Knight Frank - Melbourne
Level 29, 120 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold14 Apr 2022
Floor Area1,407 m²
Land Area1,407 m²
EnergyAsk Agent
ParkingOn site parking available
Building TypeWhole building
Property ID2017366697
Category
Last updated  9 Jul 2023

Co-Agents

James Thorpe
Knight Frank - Melbourne
Call
+61 414 510 071
Tony Kiss
Wellington Real Estate Pty Ltd
Call
0419 526 637

More about 388-394 Raymond Street Sale VIC 3850

388-394 Raymond Street Sale VIC 3850 is categorized as Office. It has a floor area of 1,407 m². The listing ID for this property is 2017366697.

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