1/20 Miles Street,
Mulgrave, VIC 3170
Shops & Retail • Offices
Price information
Sale
$900,000 | 6% Yield
Key property information
Floor area
Car spaces
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$54,210
Number of Tenants
1 Tenant
Private inspections
to arrange a private inspection.
Crabtrees Real Estate - Melbourne
1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton RoadOAKLEIGH, VIC 3166
1/20 Miles Street
Mulgrave, VIC 3170
Map of 1/20 Miles Street
Train stations within 5 km of 1/20 Miles Street, Mulgrave, VIC 3170 Distance Westall Station 2 km Clayton Station 2.8 km Springvale Station 2.8 km Sandown Park Station 3.8 km Huntingdale Station 4.6 km POWERED BY HERE ©Bus stops within 5 km of 1/20 Miles Street, Mulgrave, VIC 3170 Distance Miles StSpringvale Rd 338 m Mackie Rd/Springvale Rd (Mulgrave) 456 m Kalimna Ave/Princes Hwy (Mulgrave) 585 m Wellington Rd/Springvale Rd (Mulgrave) 623 m Peters AveWellington Rd 625 m POWERED BY HERE ©
POWERED BY HERE ©
SECURE INVESTMENT WITH LONG-STANDING FOOD TENANT!
- 5 YEAR LEASE FROM MARCH 2024
- GOLDEN LOCATION
- SECURE & STRONG LEASE TERMS
Crabtrees Real Estate are pleased to offer Unit 1/20 Miles Street, Mulgrave for PRIVATE SALE.
This fully leased investment, secured by a long-standing food/cafe operator 'Cafe On Miles' located in one of Melbourne's most sought after Industrial precincts would be a tremendous addition to your property portfolio.
This investment provides key fundamentals, providing investors with secure income and stability.
Investment Summary:
+ Rental: $54,210 pa plus Outgoings & GST as of March 2025
+ New five (5) year lease from March 2024
+ One (1) further term of (5) five years
+ 4.25% rent reviews annually with market review at end of first term
+ 6 month bond
Key Property Details:
+ 122 sqm building area
+ 3 on-site car parks
+ Exposure to Miles Street Mulgrave
+ High foot traffic 'Cafe' with local support
+ A+ location only moments from Wellington Road, Monash Freeway, Princes Highway and just off Springvale Road
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
This fully leased investment, secured by a long-standing food/cafe operator 'Cafe On Miles' located in one of Melbourne's most sought after Industrial precincts would be a tremendous addition to your property portfolio.
This investment provides key fundamentals, providing investors with secure income and stability.
Investment Summary:
+ Rental: $54,210 pa plus Outgoings & GST as of March 2025
+ New five (5) year lease from March 2024
+ One (1) further term of (5) five years
+ 4.25% rent reviews annually with market review at end of first term
+ 6 month bond
Key Property Details:
+ 122 sqm building area
+ 3 on-site car parks
+ Exposure to Miles Street Mulgrave
+ High foot traffic 'Cafe' with local support
+ A+ location only moments from Wellington Road, Monash Freeway, Princes Highway and just off Springvale Road
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Additional information
External websites
Property ID: 504734416Last Updated: 11 Dec 2024
Crabtrees Real Estate - Melbourne 1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166
OAKLEIGH, VIC 3166