- Income: $53,560 pa net
- Lease Term: 5 + 5 + 5
- Metres from Toorak Road & Chapel Street
Description
Gorman Commercial is pleased to offer Shop 1B, 7 Yarra Street, South Yarra for private sale.
Secure this exceptional retail investment leased to well known tenant "Ozzy Thai" and located within the booming ‘Forrest Hill’ precinct.
* Tenant: Ozzy Thai (multiple locations)
* Lease term: 5 years (commenced Dec. 2019)
* Options: Two (2) further five (5) year terms
* Rental: $53,560*pa net plus GST and outgoings
* Reviews: Fixed 3% annual increases
Located in the renowned Forrest Hill precinct and ideally positioned only 100 metres from South Yarra Train Station, Toorak Road and Chapel Street shopping precinct. The immediate surrounds of Claremont Street and Yarra Street have seen significant development of both commercial and residential in the past five years ensuring hospitality tenants continue to thrive.