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Barry Plant Eastern Group - Property Management

3 Railway Place Cremorne, VIC 3121

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3 Railway Place,
Cremorne, VIC 3121

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Inner-Suburban Modern Commercial Property with Great Investment Return

PhilipWebb Real Estate is pleased to offer 3 Railway Place, Cremorne for Private Sale. Currently utilised as a café, this modern shop front is just two and half years old. The property enjoys an iconic location just off vibrant Swan Street and is only metres from Richmond East Train Station. With an excellent return on investment and the opportunity of great capital growth on the fringe of the Melbourne CBD.

*Long lease remaining (12.5yrs in total) – 2.5yrs plus 5yrs + 5yrs options
*Current rental return of $38,500 (approx.) inclusive of GST
*CPI increases annually or minimum 2% increase
*Tenants pay all outgoings
*80 square (approx.) shop front with bathroom and basement storage
*Indoor and outdoor seating for up to 30 people
*Ample car parking nearby
*Prime location off Swan Street, metres from Richmond East Station
*Proximity to the MCG, Melbourne Park and Melbourne CBD
*Great potential for return on investment of approximately 5.6% to 6%


***PhilipWebb Real Estate Coronavirus Update***

The health of our valued clients and staff is our highest priority.

In accordance with State Government guidelines, open for inspections are currently not permitted.

During this time, we encourage you to contact the listing agent with your details to register your interest.

We’re all in this together and we thank you for your understanding.

Property ID: 503414290Last Updated: 14 Sep 2020

Barry Plant Eastern Group - Property Management

483 Whitehorse Road
MITCHAM, VIC 3132
03 9874 33...
Barry Plant Eastern Group - Property Management
3 Railway Place
Cremorne, VIC 3121
Barry Plant Eastern Group - Property Management
483 Whitehorse Road
MITCHAM, VIC 3132
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