Dominant Investment In Booming Growth Corridor

Fitzroys is delighted to offer 138-140 High Street, Cranbourne for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.

Key Attributes include :

• Substantial, underutilised landholding of 660sqm*
• Fully leased to 2 established businesses ‘Spicy Flames’ and ‘Encore Pizza’
• Total rental return of $91,793 per annum plus outgoings and GST
• Highly exposed position directly opposite Cranbourne Park Shopping Centre – home to a plethora of National and local tenants
• Rear access plus multiple on-site car parks
• Within highly favourable Activity Centre Zone 1 with a preferred overall height limit of 17.5 metres*
• Exceptional opportunity to acquire a versatile freehold in the heart of High Street, strategically located within Melbourne’s booming South East growth corridor

Tenancy Details:

138 HIGH STREET - 5 + 5 year lease from May 2022 - Returning $37,265* per annum plus GST

138a-140 HIGH STREET - 3 + 3 year lease from October 2021 - Returning $54,545* per annum plus GST

FOR SALE BY PUBLIC AUCTION AT LEONDA BY THE YARRA, HAWTHORN, THURSDAY 23RD JUNE COMMENCING 11.00AM

*approx.