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138-140 High Street
CRANBOURNE, VIC 3977

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Property Description

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.

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Consultant

Tom Fisher

M: 0417 980 824
E: fishert@fitzroys.com.au

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

Mark Talbot

M: 0409 222 411
E: talbotm@fitzroys.com.au

Property Information

Property ID
134124

Price
Contact Agent

Building
187m2

Land
660m2