Savills is delighted to offer for sale this coveted East Melbourne retail freehold located at 82 Wellington Parade, East Melbourne. The property is ideally positioned within one of Melbourne’s most affluent suburbs and benefits from being situated directly opposite the MCG & Jolimont Train Station. Key attributes of the property include: • Ideal double storey 155sqm* retail freehold • Prime 150sqm* landholding with rear access • Ideal open plan restaurant with kitchen and bathroom amenity on ground floor and two-bedroom residence on first floor • Leased to longstanding tenant ‘Tadka Hut’ in operation for 8 years • Returning $74,508 p.a + GST & outgoings on a 3 + 3 + 3-year lease with fixed 3% annual increases • Extremely tightly held retail strip with minimal transactional activity in the last 10 years • Affluent East Melbourne location boasting a median house price of $3,750,000^ • Situated opposite the MCG & Jolimont Train Station *Approximate ^realestate.com.au For Sale by Auction on Wednesday 26 February at 10:30am On-Site For further information please contact: Beau Bakhtani - 0412 159 038 Julian Heatherich – 0412 995 655 Benson Zhou – 0458 488 888
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Properti ID: 504772336