138-140 High Street,
Cranbourne, VIC 3977
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Fitzroys - Melbourne
Level 27, 360 Collins StreetMELBOURNE, VIC 3000
138-140 High Street
Cranbourne, VIC 3977
Map of 138-140 High Street
Dominant Investment In Booming Growth Corridor
- Extensive Frontage Of 17 Metres*
- Directly Opposite Cranbourne Park SC
- High Traffic Location
Fitzroys is delighted to offer 138-140 High Street, Cranbourne for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.
Key Attributes include :
- Substantial, underutilised landholding of 660sqm*
- Fully leased to 2 established businesses ‘Spicy Flames’ and ‘Encore Pizza’
- Total rental return of $91,793 per annum plus outgoings and GST
- Highly exposed position directly opposite Cranbourne Park Shopping Centre – home to a plethora of National and local tenants
- Rear access plus multiple on-site car parks
- Within highly favourable Activity Centre Zone 1 with a preferred overall height limit of 17.5 metres*
- Exceptional opportunity to acquire a versatile freehold in the heart of High Street, strategically located within Melbourne’s booming South East growth corridor
Tenancy Details:
138 HIGH STREET
- 5 + 5 year lease from May 2022
- Returning $37,265* per annum plus GST
138a-140 HIGH STREET
- 3 + 3 year lease from October 2021
- Returning $54,545* per annum plus GST
FOR SALE BY PUBLIC AUCTION AT LEONDA BY THE YARRA, HAWTHORN, THURSDAY 23RD JUNE COMMENCING 11.00AM
*approx.
Key Attributes include :
- Substantial, underutilised landholding of 660sqm*
- Fully leased to 2 established businesses ‘Spicy Flames’ and ‘Encore Pizza’
- Total rental return of $91,793 per annum plus outgoings and GST
- Highly exposed position directly opposite Cranbourne Park Shopping Centre – home to a plethora of National and local tenants
- Rear access plus multiple on-site car parks
- Within highly favourable Activity Centre Zone 1 with a preferred overall height limit of 17.5 metres*
- Exceptional opportunity to acquire a versatile freehold in the heart of High Street, strategically located within Melbourne’s booming South East growth corridor
Tenancy Details:
138 HIGH STREET
- 5 + 5 year lease from May 2022
- Returning $37,265* per annum plus GST
138a-140 HIGH STREET
- 3 + 3 year lease from October 2021
- Returning $54,545* per annum plus GST
FOR SALE BY PUBLIC AUCTION AT LEONDA BY THE YARRA, HAWTHORN, THURSDAY 23RD JUNE COMMENCING 11.00AM
*approx.
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Property ID: 504080035Last Updated: 25 Aug 2022
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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