For Sale

92-106 Greville Street, PRAHRAN 3181

  • Sale Area50 - 624 m²
  • Sale Price Contact Agent

THE GREVILLE STREET COLLECTION

Auction

Auction Date: 25 Mar 2020 @ 01:00 PM

Highlights

  • 5 PRIME TENANTED INVESTMENTS
  • BLUE CHIP HIGH PERFORMING LOCATION
  • SECURE LONG LEASES

Description

Allard Shelton and Melbourne Acquisitions are delighted to offer The Greville Street Collection. A rare offering comprising 5 prime tenanted investments over 6 separate titles on the corner of Porter street in this boutique and cosmopolitan inner city location.

These properties are ideally situated on the ground floor of the former iconic 'Station Hotel' and are available to purchase individually or in one line. This is an outstanding opportunity for astute investors to capitalise on this tightly held, low vacancy, blue chip suburb that has undergone significant gentrification. The properties are exceptionally positioned opposite Prahran Station with close proximity to Chapel Street and the recently completed $60M Prahran Square project.

PROPERTY SUMMARY
Tenancy 1 & 6 - Next Practice Prahran
Lease Term: 5 years with 5+5 year options
Income: $244,000* per annum
Building area*: 337.5 sqm*
Carspaces: 1

Tenancy 2 - Pizza Hub
Lease Term: 5 year lease with 5+5 year options
Income: $62,100* per annum
Building area*: 85 sqm*

Tenancy 3 - 365 Plus
Lease Term: 7 year lease with a further 5+5+5 year options
Income: $80,595.84* per annum
Building Area: 95.7 sqm*
Carspaces: 2

Tenancy 4 - Urban Express Tobacconist
Lease Term: 5 year lease with a further 5 year option
Income: $30,000* per annum
Building area*: 57.1 sqm*
Carspaces: 1

Tenancy 5 - Pisces Floral Studio
Lease Term: 3 Year lease with 3+3 year options
Income: $26,000* per annum
Building area*: 48.9 sqm*

TOTAL COMBINED ANNUAL INCOME $442,769 per annum*+ GST + Outgoings (if purchased in one line)

For further information contact the marketing agents
Michael Ryan 0433 180 199
Joseph Walton 0417 309 347

In conjunction with Melbourne Acquisitions
Dom Gibson 0409 366 941 or James Latos 0437 537 957

*Approx

Unit Area Price Available
624 m² Contact Agent
Tenure

Tenanted Investment

GST

All prices quoted are exclusive of GST.

Documents

Agents

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