3B/47-53 Plenty Road, Preston VIC 3072

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2 parking

ESTABLISHED RESTAURANT WITH LONG LEASE

This long-established, high exposure restaurant on Plenty Road Preston offers prospective investors a long term income stream with a solid return of circa 5%.

The Opportunity
- Building area 103* sqm
- Current rental return $37,800 net
- Fixed 5 per cent annual rent increases
- 5 year lease commencing June 2023
- Option for a further 5 years to June 2033
- Purchase as a Going Concern (No GST to pay)
- 2 car spaces in lock-up undercroft garage
- Zoned Commercial 1 (C1Z)

The Location
- Situated on busy Plenty Road
- Close to South Preston Shopping Centre with its' mix of specialty stores and anchored by a Woolworths supermarket
- Handy to the renowned Preston Market boasting a myriad of grocery, fresh and hot food options plus variety stores
- Around 30 minutes* from the Melbourne CBD

For further information or to arrange an inspection please call John Star 0418 951 604 or Mitchell Kalpakis 0428 761 735.

*Approx.

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

Property Details

• Type: Retail
• Tenancy: Vacant
• Zone: Commercial 1 (C1Z)