2/574 Swan Street,
Richmond, VIC 3121
Shops & Retail • Showrooms & Large Format Retail • Offices
Key property information
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CVA Property Consultants - Melbourne
18-20 Russell StreetMELBOURNE, VIC 3000
04477727...
2/574 Swan Street
Richmond, VIC 3121
Map of 2/574 Swan Street
CIRCA 6.5% - EXCLUSIVE RETAIL INVESTMENT
POINT OF INTEREST:
A truly eye-catching commercial property offering 87 sqm* of prime retail space, leased by the renowned Shuji Sushi Leasing Pty Ltd, trading as Shuji Sushi. Shuji Sushi, founded by brothers Eric and Zar Lee in 2000, has risen to prominence with its commitment to delivering quality, affordable, and authentic Japanese cuisine. Now they boast 20+ stores across the country, priding themselves on delivering the highest of quality. The current lease term spans five (5) years, ensuring long-term stability, with a further five (5) year option. The tenant is responsible for outgoings as per the lease, generating a solid rental income of $59,060.30 per annum plus GST. Additionally, the property includes an additional 5 sqm of storage space, providing ample room for all operational needs.
- 92 sqm* of total commercial space.
- Currently leased to Shuji Sushi.
- Recently renewed lease term of five years + five years.
- Commenced 1st November 2022.
- Tenant in occupation since November 2007.
- Solid rental income of $59,060.30 per annum as of 1st Nov 2024.
- 5 sqm* of separately titled additional storage space.
- Commercial 1 Zone (C1Z).
- High foot traffic and densely populated area.
POINT OF VIEW:
This property is one of the few retail spaces available within a predominantly office-focused business park. Featuring a secure lease, an accessible price point and a reliable tenant, it presents an excellent investment opportunity for astute investors of all walks of life.
*Approx.
Pricing excludes GST
A truly eye-catching commercial property offering 87 sqm* of prime retail space, leased by the renowned Shuji Sushi Leasing Pty Ltd, trading as Shuji Sushi. Shuji Sushi, founded by brothers Eric and Zar Lee in 2000, has risen to prominence with its commitment to delivering quality, affordable, and authentic Japanese cuisine. Now they boast 20+ stores across the country, priding themselves on delivering the highest of quality. The current lease term spans five (5) years, ensuring long-term stability, with a further five (5) year option. The tenant is responsible for outgoings as per the lease, generating a solid rental income of $59,060.30 per annum plus GST. Additionally, the property includes an additional 5 sqm of storage space, providing ample room for all operational needs.
- 92 sqm* of total commercial space.
- Currently leased to Shuji Sushi.
- Recently renewed lease term of five years + five years.
- Commenced 1st November 2022.
- Tenant in occupation since November 2007.
- Solid rental income of $59,060.30 per annum as of 1st Nov 2024.
- 5 sqm* of separately titled additional storage space.
- Commercial 1 Zone (C1Z).
- High foot traffic and densely populated area.
POINT OF VIEW:
This property is one of the few retail spaces available within a predominantly office-focused business park. Featuring a secure lease, an accessible price point and a reliable tenant, it presents an excellent investment opportunity for astute investors of all walks of life.
*Approx.
Pricing excludes GST
Richmond, 3121 demographic data
The median household income for Richmond is $2,245, 18% higher than Greater Melbourne's household income of $1,901. Richmond has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 55% of property owners in Richmond have a mortgage.
28,587
Population
$2,245 per week
Median household income
34 years
Median age
Renters
Most residents
Families
Most households
CVA Property Consultants - Melbourne18-20 Russell Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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