Bustling Restaurant in "The Block" Featured South Yarra Icon

Description

+ Secure 4 year lease plus option to August 2028.
+ Bustling restaurant on the ground floor of the South Yarra Icon – “The Blocktagon’, featured on “The Block’.
+ High profile ground floor corner location
+ Modern 133sqm* restaurant premises plus architect designed 195sqm* alfresco area.
+ Kai Dining: Experienced and successful operator.
+ Annual rent review and tenant responsible for all usual outgoings.
+ Single tenant minimum management investment.
+ Strategically located on busy commercial road, 10 metres to the Alfred Hospital and next to Punt Road with 33,000 vehicles passing daily
+ South Yarra: affluent inner city suburb with median house price of $2,192,000.
+ Net Rent: $51,490 pa + GST

*approx.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 30 March 2022
Crown Casino, Melbourne.

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Contact agents
Zomart He Partner
0488 220 830
Shaun Venables Partner
0411 860 865
Justin Kramersh Senior Sales Associate
0460 349 605
Enquiry Form

South Yarra, VIC

5 Commercial Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 151

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