567 High Street,
Prahran, VIC 3181

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Land area

Floor area

Zoning

Tenure type

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Crabtrees Real Estate - Melbourne

1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166

567 High Street

Prahran, VIC 3181

Map of 567 High Street

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TASTY STONNINGTON INVESTMENT

Corner freehold investment
Future development potential (STCA)
Multiple income streams

An outstanding corner freehold asset with multiple income streams anchored by national tenant, 'Pizza Hut' with 270 stores Australia wide.

Gorman Commercial together with Crabtrees Real Estate are delighted to offer 567 High Street, Prahran for sale via public auction.

Auction: Friday 15th October 2021 at 12 noon on-site

The property comprises two separate tenancies with a combined total income of $103,614 pa net and total building area of 264 sqm approx. The triple street frontage and land of 223 sqm approx. provides exceptional future development potential (S.T.C.A.).

Pizza Hut:
* Lease: 3+3+3 years
* Income: $77,864 pa net
* Rent reviews: annual 4% increases
* Building area: 184 sqm approx.

Hairdresser:
* Lease: 3+3 years
* Income: $25,750 pa net
* Rent reviews: annual 3% increases
* Building area: 80 sqm approx.

Located between Grandview Grove and Chatsworth Road, Prahran, only 600m from Hawksburn Village.

Prahran, 3181 demographic data

The median household income for Prahran is $2,121, 12% higher than Greater Melbourne's household income of $1,901. Prahran has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 53% of property owners in Prahran have a mortgage.

12,203

Population

$2,121 per week

Median household income

34 years

Median age

Renters

Most residents

Singles

Most households

Crabtrees Real Estate - Melbourne

1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166