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Burgess Rawson - Melbourne

Petstock, 476-478 High Street Prahran, VIC 3181

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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

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Burgess Rawson - Melbourne
Justin Kramersh
David Napoleone

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Petstock, 476-478 High Street
Prahran, VIC 3181

Map of Petstock, 476-478 High Street

Directions
  • Train stations within 5 km of Petstock, 476-478 High Street, Prahran, VIC 3181Distance
    Toorak Station893 m
    Hawksburn Station1 km
    Windsor Station1.1 km
    Prahran Station1.3 km
    Armadale Station1.4 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Petstock, 476-478 High Street, Prahran, VIC 3181Distance
    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 3181Distance
    High St/Williams Rd (Prahran)185 m
    Gooch StWilliams Rd243 m
    Erica St/Williams Rd (Windsor)283 m
    Wrights TceWilliams Rd332 m
    Murray StWilliams Rd345 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

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Property ID: 504736900Last Updated: 9 Dec 2024

Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000

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