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521 Toorak Rd
Toorak AU
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SALE PRICE
Original price: USD 612000.00
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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.
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Available from:
16.07.2019Year of Construction:
2019Type:
Retail
Broker: Castran Gilbert
3142 Toorak Rd Victoria Toorak 521 Australia
Shop 3
This is a property advertisement published and maintained by Castran Gilbert and does not constitute binding information for this property. Although we require advertisers to provide accurate information, we can only publish these advertisements in good faith and have not verified any claims or statements or inspected the advertised properties, locations or offers. Primemasters does not own or control and is not responsible for the properties, facilities, site content, products or services provided or advertised by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the above. We therefore accept no liability arising from the confidence placed in us by readers or persons to whom such information is made available. You must conduct your own research and seek independent professional advice before making any decision to purchase, rent or invest in property.
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