Namak Indian Restaurant, 254 Chapel Street,
Prahran, VIC 3181
Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale 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
Property ID: 504239440Last Updated: 7 Feb 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Ganbare Kaz Kaiten Sushi, 151 Chapel Street & 16 Mechanics Lane,Windsor, VIC 3181 175 m²Shops & Retail • Offices • Medical & Consulting
Contact Agent
Guardian Childcare, 349 High Street,Prahran, VIC 3181 1 m²Medical & Consulting • Shops & Retail • Other