Spice It Up | Prized Chapel St Corner

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