Share this property

realcommercial.com.au
Burgess Rawson - Melbourne

Namak Indian Restaurant, 254 Chapel Street Prahran, VIC 3181

Directions

Namak Indian Restaurant, 254 Chapel Street,
Prahran, VIC 3181

Shops & Retail • Other

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Burgess Rawson - Melbourne
Matthew Wright
Raoul Holderhead
Justin Kramersh

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Namak Indian Restaurant, 254 Chapel Street
Prahran, VIC 3181

Map of Namak Indian Restaurant, 254 Chapel Street

Directions

Spice It Up | Prized Chapel St Corner

  • 5 Year Lease plus options to 2041
  • Directly Opposite Prahran Town Hall
  • Annual Rent Review
Burgess Rawson is pleased to offer to the market, 254 Chapel Street for sale via our Auction Investment Portfolio 159.

+ 5 year net lease to July 2026 plus options to 2041
+ Guaranteed future rental growth with minimum 3% annual rent increases or CPI (whichever is the greater amount)
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings
+ Prominently located on the world-renowned Chapel Street and surrounded by key national tenants including; Coles, Dan Murphy’s, Woolworths, JB Hi-Fi, Rebel Sports and Nike and leading gyms.
+ Immaculate 203*sqm ground floor retail premises with a large commercial kitchen and quality intensive fit-out with 37 metres of frontage and exposure to Chapel Street and King Street.
+ Minimal management, essential service investment.
+ Prahran: Affluent inner-city suburb with a median house price growth of 14.2% over the past 2 years to $1.8 million**
+ Rent: $113,000 pa* + GST (July 2023)

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 29 March 2023
Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx
**www.realestate.com.au

Property ID: 504239440Last Updated: 19 Dec 2024

proptrack logo
This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.

Make an enquiry

What's your enquiry about?

Enter your details

More properties from Burgess Rawson - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.