567 High Street Prahran VIC 3181

Burgess Rawson is pleased to offer to the market Pizza Hut at 567 High Street, Prahran (Melbourne) VIC for sale by Private Treaty.

The opportunity has the following key investment highlights:

+ New 10 year net lease to 2034 with a further 10 year option to 2044
+ Pizza Hut: the largest pizza chain in the world with 16,000+ locations globally, including over 260 stores in Australia^
+ Attractive fixed 4% annual rental increases, ensuring income growth
+ Net lease terms, tenant pays all usual outgoings, as per lease
+ Prahran: affluent inner-city suburb and renowned vibrant dining, bar & entertainment destination only 7km* from Melbourne CBD
+ In the City of Stonnington, an integral part of Metro Melbourne, home to 112,118^^ people and producing a GRP of $10.65b^^^
+ Enviable High Street corner location with impressive exposure to passing vehicular, tram & pedestrian traffic
+ High Street retailers benefit from neighbouring suburbs, Toorak & Malvern boasting median house prices of $4,614,000 & $2,882,000 respectively^^^^
+ Includes valuable rear office/studio space with 1 year rental guarantee
+ Future development upside potential (STCA)
+ Net Income: $121,368 pa* + GST

To be sold by Private Treaty.

Please contact the exclusively appointed sales team for more information

*Approx
^pizzahut.com.au
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