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PROPERTY DETAILS COMMERCIAL PROPERTY GUIDE
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A RARE OPPORTUNITY IN PRAHRAN **AUCTION POSTPONED**
PLEASE BE ADVISED THIS AUCTION HAS BEEN POSTPONED. A magnificent retail investment located in the heart of Greville Street, Prahran which is one of Melbourne’s most vibrant retail/restaurant precincts.
This property comprises of a great medium term investment opportunity with scope for further development (STCA) to take advantage of its enormous 13 metre frontage. Current rental of $84,872 per annum (approx) plus outgoings on a 5 year lease from March 2008 (subject to demolition clause).
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110-112 Greville Street, PRAHRAN, VIC 3181
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Property ID: VCP1480
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Auction Date: Thursday, August 26, 2010
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Auction Time: 12:00:00 PM
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| Component |
Building Area m2 |
Land Area m2 |
Rental Return P.A. |
Sale Price |
| Main |
142 (approx) |
156 |
$84,872.00 |
Auction |
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Additional Information
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| Zoning |
Business 1 |
| Lessee |
Mag Nation Pty Ltd |
| Commenced |
March 2008 |
| Yield |
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| Outgoings Payable |
100% paid by the Lessee except for Land Tax |
| Bond/Guarantees |
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| Rent Review |
Annually by 3% |
| Lease Term |
5 years |
| Car Spaces |
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Comments
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[All amounts are expressed as GST exclusive.]
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Attachments
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No attachments listed.
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Contact
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This property was submitted for listing on the Commercial Property Guide by:
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