Affordable Freehold With Value Add Potential

Fitzroys is delighted to offer 319 High Street, Preston for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.

Key attributes:

• Land area of 206sqm with an extensive frontage to High Street of 5.8 metres
• 2 Storey building comprising ground floor restaurant plus 2 bedroom first floor dwelling
• Leased to long standing tenant of over 10 years, Pad Cha
• Returning $39,092* per annum plus outgoings and GST
• Lease term: 3 years from April 2021 with no option
• Fixed 5% increases per annum
• Within highly flexible “Priority Development” zone
• On-site parking for 2 cars with access from Bruce Street
• Excellent transport amenities nearby with the Bell Train Station within walking distance and easy vehicle access to Bell Street, Plenty and St Georges Roads

FOR SALE BY PUBLIC AUCTION AT LEONDA, HAWTHORN, THURSDAY 23RD JUNE FROM 11.00AM

*approx.