Shop D/4 King Street,
Prahran, VIC 3181
Shops & Retail
Key property information
Land area
Floor area
Property extent
Tenure type
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Shop D/4 King Street
Prahran, VIC 3181
Map of Shop D/4 King Street
Brand New 5 Year Lease to Established Operator | Furever Investment
- Brand New 5 Year Lease to 2029
- Rare Prahran Entry Level Investment
- Multiple Award Winning Tenant
Burgess Rawson is pleased to offer to the market, Shop 4D King Street, Prahran VIC for sale.
+ Brand new 5 year net lease to February 2029, plus a further option to 2034
+ Furever Grooming: Award winning groomers, with valuable experience and qualifications, plus 5 star Google reviews.
+ Fixed 3% annual rent increases, ensuring future rental growth
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings including Owners Corp fees
+ Positioned only metres from 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.
+ Modern 57*sqm ground floor retail premises with plus a single car park
+ Minimal management investment.
+ Prahran: Affluent inner-city suburb with a median house price median house price of $1,697,500, with a rental increase of 6% over the past 12 months.
+ Rent: $32,000 pa* + GST
+ Brand new 5 year net lease to February 2029, plus a further option to 2034
+ Furever Grooming: Award winning groomers, with valuable experience and qualifications, plus 5 star Google reviews.
+ Fixed 3% annual rent increases, ensuring future rental growth
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings including Owners Corp fees
+ Positioned only metres from 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.
+ Modern 57*sqm ground floor retail premises with plus a single car park
+ Minimal management investment.
+ Prahran: Affluent inner-city suburb with a median house price median house price of $1,697,500, with a rental increase of 6% over the past 12 months.
+ Rent: $32,000 pa* + GST
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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