Namak Indian Restaurant, 254 Chapel Street,
Prahran, VIC 3181
Shops & Retail • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Namak Indian Restaurant, 254 Chapel Street
Prahran, VIC 3181
Map of Namak Indian Restaurant, 254 Chapel Street
Spice It Up | Prized Chapel St Corner
- 5 Year Lease plus options to 2041
- Directly Opposite Prahran Town Hall
- Annual Rent Review
Burgess Rawson is pleased to offer to the market, 254 Chapel Street for sale via our Auction Investment Portfolio 159.
+ 5 year net lease to July 2026 plus options to 2041
+ Guaranteed future rental growth with minimum 3% annual rent increases or CPI (whichever is the greater amount)
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings
+ Prominently located on the world-renowned Chapel Street and surrounded by key national tenants including; Coles, Dan Murphy’s, Woolworths, JB Hi-Fi, Rebel Sports and Nike and leading gyms.
+ Immaculate 203*sqm ground floor retail premises with a large commercial kitchen and quality intensive fit-out with 37 metres of frontage and exposure to Chapel Street and King Street.
+ Minimal management, essential service investment.
+ Prahran: Affluent inner-city suburb with a median house price growth of 14.2% over the past 2 years to $1.8 million**
+ Rent: $113,000 pa* + GST (July 2023)
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 29 March 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx
**www.realestate.com.au
+ 5 year net lease to July 2026 plus options to 2041
+ Guaranteed future rental growth with minimum 3% annual rent increases or CPI (whichever is the greater amount)
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings
+ Prominently located on the world-renowned Chapel Street and surrounded by key national tenants including; Coles, Dan Murphy’s, Woolworths, JB Hi-Fi, Rebel Sports and Nike and leading gyms.
+ Immaculate 203*sqm ground floor retail premises with a large commercial kitchen and quality intensive fit-out with 37 metres of frontage and exposure to Chapel Street and King Street.
+ Minimal management, essential service investment.
+ Prahran: Affluent inner-city suburb with a median house price growth of 14.2% over the past 2 years to $1.8 million**
+ Rent: $113,000 pa* + GST (July 2023)
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 29 March 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx
**www.realestate.com.au
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
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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