476-478 High Street Prahran VIC 3181

Burgess Rawson is pleased to offer to the market 476-478 High Street, Prahran (Melbourne) VIC for sale via our Investment Auction Portfolio 173.

This opportunity has the following key investment highlights:

+ 10 year lease to 2032 with early termination clause in favour of landlord
+ Guaranteed rental growth with attractive fixed annual rent reviews up to 12% per annum
+ PETstock: majority owned by Woolworths Group, Australia's #1 retailer with sales of $67.9 billion in FY24^
+ Prime High Street corner position, a key arterial servicing 105,700 vehicles weekly^^
+ Strategic 1,206sqm* corner freehold with over 98m* of triple street frontage
+ Commercial 1 zoning within the City of Stonnington's activity centre structure plan, precedence in the surrounding area to build up to 5 storeys (STCA).
+ Suitable for investors, developers and owner occupiers.
+ One of the last remaining 1,000sqm+ Commercial 1 zoned corner blocks in Stonnington
+ Prahran: affluent inner-city suburb, only 7km* from Melbourne CBD
+ High Street retailers benefitting from neighbouring suburbs, Toorak & Malvern boasting median house prices of $4,710,000 & $2,472,000 respectively.
+ Net income: $217,350 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 11 December 2024
Crown Casino, Melbourne

One of Five Petstock (Woolworths) leased freehold investments available as part of Burgess Rawson's December Portfolio Auction.

Please contact the exclusively appointed sales team for more information

*Approx
^woolworthsgroup.com.au
^^Gapmaps