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CBRE - Victoria
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Shop 2, 1 Colombo Street Mitcham, VIC 3132

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Sold

Shop 2, 1 Colombo Street Mitcham, VIC 3132

Shop & Retail
Sold Price

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Land area

128.0m²

Floor area

128.0m²

Tenure type

Tenanted Investment

Sold on

17 Jul 2019

FULLY LEASED HOSPITALITY INVESTMENT OPPOSITE MITCHAM TRAIN STATION

  • Renewed 5 Year Net Lease
  • Fixed 4% Annual Rental Increases
  • Potential 6.25%-7% return
+ Recently renewed 5 year net lease to established hospitality operator Elate Kitchen – 4.1 Stars Zomato

+ Providing a net annual income of 75,554* + GST + Outgoings (after land tax) with favourable 4% annual rental increases

+ Ultimate hospitality location with convenience supported by over 700 free council car parks and 50m* from the Mitcham Train and Bus Station

+ Positioned on the busy thoroughfare between Mitcham Station & Whitehorse Road

+ Well exposed 128sqm* corner retail shop with low outgoings payable and favourable depreciation benefits

FOR SALE VIA PUBLIC ON-SITE AUCTION WEDNESDAY 17TH JULY 2019 AT 12.30PM

For further information contact the exclusive sales & marketing agents:

Nic Hage
+61 448 782 594

Jing Jun Heng
+61 411 059 116

Rorey James
+61 439 400 081

*Approx

Property ID: 503227938Last Updated: 19 Jul 2019

CBRE - Victoria
Shop 2, 1 Colombo Street
Mitcham, VIC 3132
Rorey James
Jing Jun Heng
Nic Hage

CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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CBRE - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Rorey James

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Rorey James
CBRE - Victoria
Shop 2, 1 Colombo Street Mitcham, VIC 3132

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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