Shop 1, 572 Swan Street,
Richmond, VIC 3121
Shops & Retail
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Fitzroys - Melbourne
Level 27, 360 Collins StreetMELBOURNE, VIC 3000
04381562...
Shop 1, 572 Swan Street
Richmond, VIC 3121
Map of Shop 1, 572 Swan Street
Prominent Swan Street Café Investment
- Circa 6.5% - 7% Yield Expected
- Expansive Combined Frontage of 34 Metres
- Long Secure Lease To Quality Tenant
NEW CLOSING DATE - WEDNESDAY 20th NOVEMBER
- Impressive ground floor café of 310sqm* plus 190sqm* of outdoor seating area
- Combined area on title of 500sqm*
- 5 x 5 x 5 year lease to established and well regarded hospitality operator
- Returning $135,200 per annum plus GST
- Fixed annual rental increases
- Highly exposed frontage of 22 metres* to Swan Street and 14 metres* to Central Drive
- Situated at the entrance to the renowned Botanicca Corporate Park
- Future-proof location surrounded by a mix of high grade commercial buildings, hotel accommodation and high density residential
- Major companies occupying neighbouring buildings include David Jones, Country Road, Harris Scarfe, GE, Fulton Hogan and Wells Fargo plus many more
- Strong trading conditions due to high demand from nearby corporate occupiers and the local residential catchment
- Only 4kms* from the CBD and within close proximity to all forms of public transport including Swan Street tram network and a short walk to Heyington and Burnley train stations
- Rare opportunity to invest in one of Melbourne’s most dynamic and tightly held commercial locations
*approx
FOR SALE BY DEADLINE CLOSING WEDNESDAY 20th NOVEMBER AT 2PM
- Impressive ground floor café of 310sqm* plus 190sqm* of outdoor seating area
- Combined area on title of 500sqm*
- 5 x 5 x 5 year lease to established and well regarded hospitality operator
- Returning $135,200 per annum plus GST
- Fixed annual rental increases
- Highly exposed frontage of 22 metres* to Swan Street and 14 metres* to Central Drive
- Situated at the entrance to the renowned Botanicca Corporate Park
- Future-proof location surrounded by a mix of high grade commercial buildings, hotel accommodation and high density residential
- Major companies occupying neighbouring buildings include David Jones, Country Road, Harris Scarfe, GE, Fulton Hogan and Wells Fargo plus many more
- Strong trading conditions due to high demand from nearby corporate occupiers and the local residential catchment
- Only 4kms* from the CBD and within close proximity to all forms of public transport including Swan Street tram network and a short walk to Heyington and Burnley train stations
- Rare opportunity to invest in one of Melbourne’s most dynamic and tightly held commercial locations
*approx
FOR SALE BY DEADLINE CLOSING WEDNESDAY 20th NOVEMBER AT 2PM
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Property ID: 503360846Last Updated: 12 Jan 2020
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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57-59 Bridge Road,Richmond, VIC 3121 370 m²Shops & Retail • Offices • Development Sites & Land
