Petstock, 476-478 High Street,
Prahran, VIC 3181
Showrooms & Large Format Retail • Shops & Retail • Warehouse, Factory & Industrial
Price information
Sale - Auction Tue 10 Dec
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$217,350
Number of Tenants
1 Tenant
Tenants / Type
Petstock
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Petstock, 476-478 High Street
Prahran, VIC 3181
Map of Petstock, 476-478 High Street
Train stations within 5 km of Petstock, 476-478 High Street, Prahran, VIC 3181 Distance Toorak Station 893 m Hawksburn Station 1 km Windsor Station 1.1 km Prahran Station 1.3 km Armadale Station 1.4 km POWERED BY HERE ©Tram stops within 5 km of Petstock, 476-478 High Street, Prahran, VIC 3181 Distance 35-Williams Rd/High St (Prahran) 140 m 36-Chatsworth Rd/High St (Prahran) 223 m 37-Airlie Ave/High St (Prahran) 390 m 34-Lewisham Rd/High St (Prahran) 418 m 33-the Avenue/High St (Prahran) 508 m POWERED BY HERE ©Bus stops within 5 km of Petstock, 476-478 High Street, Prahran, VIC 3181 Distance High St/Williams Rd (Prahran) 185 m Gooch StWilliams Rd 243 m Erica St/Williams Rd (Windsor) 283 m Wrights TceWilliams Rd 332 m Murray StWilliams Rd 345 m POWERED BY HERE ©
POWERED BY HERE ©
Rare High Street Freehold With Huge Upside | Prime 1,206sqm Site
- Entire Site Leased to Petstock
- PETstock: Majority owned by Woolworths
- Significant Underlying Land Value
Burgess Rawson is pleased to offer to the market 476-478 High Street, Prahran (Melbourne) VIC for sale via our Investment Auction Portfolio 173.
This opportunity has the following key investment highlights:
+ 10 year lease to 2032 with early termination clause in favour of landlord
+ Guaranteed rental growth with attractive fixed annual rent reviews up to 12% per annum
+ PETstock: majority owned by Woolworths Group, Australia’s #1 retailer with sales of $67.9 billion in FY24^
+ Prime High Street corner position, a key arterial servicing 105,700 vehicles weekly^^
+ Strategic 1,206sqm* corner freehold with over 98m* of triple street frontage
+ Commercial 1 zoning within the City of Stonnington's activity centre structure plan, precedence in the surrounding area to build up to 5 storeys (STCA).
+ Suitable for investors, developers and owner occupiers.
+ One of the last remaining 1,000sqm+ Commercial 1 zoned corner blocks in Stonnington
+ Prahran: affluent inner-city suburb, only 7km* from Melbourne CBD
+ High Street retailers benefitting from neighbouring suburbs, Toorak & Malvern boasting median house prices of $4,710,000 & $2,472,000 respectively.
+ Net income: $217,350 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 11 December 2024
Crown Casino, Melbourne
One of Five Petstock (Woolworths) leased freehold investments available as part of Burgess Rawson's December Portfolio Auction.
Please contact the exclusively appointed sales team for more information
*Approx
^woolworthsgroup.com.au
^^Gapmaps
This opportunity has the following key investment highlights:
+ 10 year lease to 2032 with early termination clause in favour of landlord
+ Guaranteed rental growth with attractive fixed annual rent reviews up to 12% per annum
+ PETstock: majority owned by Woolworths Group, Australia’s #1 retailer with sales of $67.9 billion in FY24^
+ Prime High Street corner position, a key arterial servicing 105,700 vehicles weekly^^
+ Strategic 1,206sqm* corner freehold with over 98m* of triple street frontage
+ Commercial 1 zoning within the City of Stonnington's activity centre structure plan, precedence in the surrounding area to build up to 5 storeys (STCA).
+ Suitable for investors, developers and owner occupiers.
+ One of the last remaining 1,000sqm+ Commercial 1 zoned corner blocks in Stonnington
+ Prahran: affluent inner-city suburb, only 7km* from Melbourne CBD
+ High Street retailers benefitting from neighbouring suburbs, Toorak & Malvern boasting median house prices of $4,710,000 & $2,472,000 respectively.
+ Net income: $217,350 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 11 December 2024
Crown Casino, Melbourne
One of Five Petstock (Woolworths) leased freehold investments available as part of Burgess Rawson's December Portfolio Auction.
Please contact the exclusively appointed sales team for more information
*Approx
^woolworthsgroup.com.au
^^Gapmaps
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If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504736900Last Updated: 9 Dec 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
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SYDNEY, NSW 2000
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