** SOLD **
Gross Waddell ICR is pleased to offer 104 Swan Street, Cremorne, as part of the ‘The Neighbourhood Collection’. This single level retail investment is prominently positioned within the heart of Swan Street’s thriving hospitality and entertainment precinct.
• 5 year lease plus one further option of 5 years
• Returning $51,267 net per annum* with fixed 5% annual increases
• Leased to ‘Lady T’ and is currently undergoing a refurbishment/fit out upgrade
• Single level retail building on 208 sqm* of prized Cremorne land allowing for future development (STCA)
• Right of way access at the rear
• Located next door to The Richmond Club Hotel and surrounded by numerous established hospitality, entertainment venues, restaurants and national retailers
• Walking distance to Melbourne's famous sporting precinct including the MCG, AAMI Park and Melbourne Park
• Rare opportunity to acquire an affordable retail freehold located in a high performing lifestyle and hospitality precinct
• Strong local demographic of high disposable income, boasting a median house price of $1,452,000 (Source: realestate.com.au August 2022)
For further information or to organise an inspection, please contact Gross Waddell ICR directly.