For Sale
PREMIUM INVESTMENT - THREE OF PRAHRAN'S BEST TO BE OFFERED AS ONE
136,138-140/142-144 Greville Street, Prahran VIC 3181
Vinci Carbone is privileged to offer for sale by International Expressions of Interest this brilliant investment opportunity comprising three adjoining retail freeholds leased to the highly regarded Entrecôte Restaurant, Kookai and Acai Bros.
The properties are situated in the heart of one of Melbourne's most iconic streets, Greville Street, having undergone an urban renewal in recent years to combine the eclectic vibes that Greville Street has always been known for with modern convenience and amenity by way of the renewal of the Grattan Gardens and the construction of the Prahran Square car park, providing 500 car spaces, making this location excellent for shoppers and restaurant patrons. The surrounding area comprises a densely developed mix of commercial and residential uses and will benefit from its immediate proximity to over $3 billion in upcoming urban renewal projects
The property comprises three adjoining part two level freeholds used for retail and hospitality at ground level and offices and first level. In addition, there are also 8 car spaces located with 128 Greville Street that pass with the holding. The property is fully leased to three separate tenants.
The properties are situated in the heart of one of Melbourne's most iconic streets, Greville Street, having undergone an urban renewal in recent years to combine the eclectic vibes that Greville Street has always been known for with modern convenience and amenity by way of the renewal of the Grattan Gardens and the construction of the Prahran Square car park, providing 500 car spaces, making this location excellent for shoppers and restaurant patrons. The surrounding area comprises a densely developed mix of commercial and residential uses and will benefit from its immediate proximity to over $3 billion in upcoming urban renewal projects
The property comprises three adjoining part two level freeholds used for retail and hospitality at ground level and offices and first level. In addition, there are also 8 car spaces located with 128 Greville Street that pass with the holding. The property is fully leased to three separate tenants.
- Net rent of $479,370 per annum plus outgoings
- 909 m2 of prime Commercial 1 Zone land
- 3 Certificates of Title plus 8 separate cars spaces at 128 Geville Street
- Extensive frontage of over 25m to prime retail street
- Second frontage and access to Leggetts Lane at rear
- Fully leased to 3 highly regarded business, Entrecote', Kookai & Acai' Bros
- Entrecôte Restaurant on very long lease
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