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Fitzroys - Melbourne

138-140 High Street Cranbourne, VIC 3977

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138-140 High Street,
Cranbourne, VIC 3977

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Fitzroys - Melbourne
Chris Kombi
Mark Talbot
Tom Fisher

Fitzroys - Melbourne

Level 27, 360 Collins Street
MELBOURNE, VIC 3000
Fitzroys - Melbourne
138-140 High Street
Cranbourne, VIC 3977

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Dominant Investment In Booming Growth Corridor

  • Extensive Frontage Of 17 Metres*
  • Directly Opposite Cranbourne Park SC
  • High Traffic Location
Fitzroys is delighted to offer 138-140 High Street, Cranbourne for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.

Key Attributes include :

- Substantial, underutilised landholding of 660sqm*
- Fully leased to 2 established businesses ‘Spicy Flames’ and ‘Encore Pizza’
- Total rental return of $91,793 per annum plus outgoings and GST
- Highly exposed position directly opposite Cranbourne Park Shopping Centre – home to a plethora of National and local tenants
- Rear access plus multiple on-site car parks
- Within highly favourable Activity Centre Zone 1 with a preferred overall height limit of 17.5 metres*
- Exceptional opportunity to acquire a versatile freehold in the heart of High Street, strategically located within Melbourne’s booming South East growth corridor

Tenancy Details:

138 HIGH STREET
- 5 + 5 year lease from May 2022
- Returning $37,265* per annum plus GST

138a-140 HIGH STREET
- 3 + 3 year lease from October 2021
- Returning $54,545* per annum plus GST


FOR SALE BY PUBLIC AUCTION AT LEONDA BY THE YARRA, HAWTHORN, THURSDAY 23RD JUNE COMMENCING 11.00AM

*approx.

Additional information

Property ID: 504080035Last Updated: 5 Aug 2022

Fitzroys - Melbourne
Level 27, 360 Collins Street
MELBOURNE, VIC 3000
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