3B/47-53 Plenty Road Preston VIC 3072

This long-established, high exposure restaurant on Plenty Road Preston offers prospective investors a long term income stream with a solid return of circa 5%.

The Opportunity
- Building area 103* sqm
- Current rental return $37,800 net
- Fixed 5 per cent annual rent increases
- 5 year lease commencing June 2023
- Option for a further 5 years to June 2033
- Purchase as a Going Concern (no GST to pay)
- 2 car spaces in lock-up undercroft garage
- Zoned Commercial 1 (C1Z)

The Location
- Situated on busy Plenty Road
- Close to South Preston Shopping Centre with its' mix of specialty stores and anchored by a Woolworths supermarket
- Handy to the renowned Preston Market boasting a myriad of grocery, fresh and hot food options plus variety stores
- Around 30 minutes* from the Melbourne CBD

For further information or to arrange an inspection please call John Star 0418 951 604 or Mitchell Kalpakis 0428 761 735.

*Approx.