Stunning Showroom For Sale in Toorak Place

Retail
521 Toorak Rd Toorak AU Show map

SALE PRICE

 
USD 612 000.00 Info
Original price: 612000.00 USD
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floor 62 m2
This stunning 62sqm showroom located in Toorak Place Arcade is currently leased as a Beauty Therapy Salon on a 3 year lease, due to expire on the 31st March, 2021, with 3 further 3 year terms. Current rental income is $30,600 which shows a return of 5% with the tenant paying outgoings as well. Invest in arguably Melbourne’s most prestigious Arcade in Melbourne’s most prestigious suburb. Next rent review due 1st April 2020 with plus CPI. Security deposit paid $6,600. Large on site basement car parking available for customers. High quality development, which includes 13 shops, offices, health & fitness centre and 54 residential apartments.
Expand description

Available from:

16.07.2019

Year of Construction:

2019

Type:

Retail

Broker: Castran Gilbert

3142 Toorak Rd Victoria Toorak 521 Australia

Shop 3

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