52 Madden Grove,
Richmond, VIC 3121
$1.25M - $1.375M
Key property information
Tenanted Investment Details
Expression of Interest
Map of 52 Madden Grove
Train stations within 5 km of 52 Madden Grove, Richmond, VIC 3121 Distance Burnley Station 151 m East Richmond Station 1.1 km Hawthorn Railway Station (Hawthorn) 1.4 km Heyington Station 1.4 km Richmond Station 1.7 kmPOWERED BY HERE © Tram stops within 5 km of 52 Madden Grove, Richmond, VIC 3121 Distance 15-Stawell St/Swan St (Richmond) 152 m 14-Burnley St/Swan St (Burnley) 237 m 16-Park GR/Swan St (Burnley) 308 m 13-Edinburgh St/Swan St (Richmond) 409 m 12-Coppin St/Swan St (Richmond) 602 mPOWERED BY HERE © Bus stops within 5 km of 52 Madden Grove, Richmond, VIC 3121 Distance Como Park/Alexandra Ave (South Yarra) 825 m Balmerino Ave/Bruce St (Toorak) 985 m Opp 135 Alexandra Ave (South Yarra) 1 km Verdant Ave/Bruce St (Toorak) 1 km Grange Rd/Bruce St (Toorak) 1 kmPOWERED BY HERE ©
Expressions of Interest closing Thursday 14 December at 12:30pm
A location known to many foodies across Melbourne and occupying a premier corner position, this commercial retail property, located directly opposite Golden Square Bicentennial Park, is perfectly situated to offer the ultimate inner-city investment opportunity.
Positioned on approximately 185m² of commercial zone 1 land and securely leased to the renowned "Serotonin Cafe," offering a steady income stream. With exciting future upside for investors, developers, and owner-occupiers. The property consists of an open-plan single-level building with a polished concrete floor, and rear/side access via Stawell Street to the courtyard.
With an annual return of $47,750*, set to increase to $49,183* per annum on 25/03/2024, with the tenant covering all the usual outgoings.
Terms of Lease:
Three years starting on 25 March 2022
Review Dates: Fixed increases of 3% on 25 March 2023 and 25 March 2024
Further terms: Three further terms of three years each
Land size: 8.23m x 21.1m approx.
Land area: 185 sqm approx.
A city-edge location within the immediate vicinity of Monash Freeway, Swan Street, and Bridge Road retail shopping and bar/café/restaurant precincts, and walking distance to Burnley train station.
SEALS THE DEAL
A landmark 3121 acquisition and the perfect addition to any strategic investment portfolio, this is your chance to secure a commercial investment with both immediate returns and the potential for substantial future growth.
52 Madden Grove, Burnley, is offered for sale via Expressions of Interest closing Thursday 14th December 12:30 pm (AEDT).
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Property ID: 504468104Last Updated: 26 Nov 2023