CBRE is pleased to offer to the market 476-478 High Street, Prahran (Melbourne) VIC for sale via Private Treaty. This opportunity has the following key investment highlights:
+ 10 year lease to 2032 with early termination clause in favour of landlord
+ Guaranteed rental growth with attractive fixed annual rent reviews up to 12% per annum
+ PETstock: majority owned by Woolworths Group, Australias #1 retailer with sales of $67.9 billion in FY24^
+ Prime High Street corner position, a key arterial servicing 105,700 vehicles weekly^^
+ Strategic 1,206sqm* corner freehold with over 98m* of triple street frontage
+ Commercial 1 zoning within the City of Stonnington’s activity centre structure plan, precedence in the surrounding area to build up to 5 storeys (STCA).
+ Suitable for investors, developers and owner occupiers.
+ One of the last remaining 1,000sqm+ Commercial 1 zoned corner blocks in Stonnington
+ Prahran: affluent inner-city suburb, only 7km* from Melbourne CBD
+ High Street retailers benefitting from neighbouring suburbs, Toorak & Malvern boasting median house prices of $4,710,000 & $2,472,000 respectively.
+ Net income: $217,350 pa* + GST For Sale via Private Treaty.
Please contact the exclusively appointed sales team for more information.
*Approx ^woolworthsgroup.com.au ^^Gapmaps