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476-478 High Street,
Prahran, VIC 3181
Showrooms & Large Format Retail • Shops & Retail • Warehouse, Factory & Industrial
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Sale - Auction Tue 10 Dec
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Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
476-478 High Street
Prahran, VIC 3181
Map of 476-478 High Street
Train stations within 5 km of 476-478 High Street, Prahran, VIC 3181 Distance Toorak Station 893 m Hawksburn Station 1 km Windsor Station 1.1 km Prahran Station 1.3 km Armadale Station 1.4 km POWERED BY HERE ©Tram stops within 5 km of 476-478 High Street, Prahran, VIC 3181 Distance 35-Williams Rd/High St (Prahran) 140 m 36-Chatsworth Rd/High St (Prahran) 223 m 37-Airlie Ave/High St (Prahran) 390 m 34-Lewisham Rd/High St (Prahran) 418 m 33-the Avenue/High St (Prahran) 508 m POWERED BY HERE ©Bus stops within 5 km of 476-478 High Street, Prahran, VIC 3181 Distance High St/Williams Rd (Prahran) 185 m Gooch StWilliams Rd 243 m Erica St/Williams Rd (Windsor) 283 m Wrights TceWilliams Rd 332 m Murray StWilliams Rd 345 m POWERED BY HERE ©
POWERED BY HERE ©
Rare High Street Freehold With Huge Upside | Prime 1,206sqm Site
- Entire Site Leased to Petstock
- PETstock: Majority owned by Woolworths
- Significant Underlying Land Value
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
Please contact the exclusively appointed sales team for more information
*Approx
^woolworthsgroup.com.au
^^Gapmaps
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
Please contact the exclusively appointed sales team for more information
*Approx
^woolworthsgroup.com.au
^^Gapmaps
Property ID: 504736900Last Updated: 14 Nov 2024
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