- Prime city-fringe retail investment
- Brand new 5-year lease
- Income: $50,000 pa net
Description
Gorman Commercial is pleased to offer 6 Balmain Street, Cremorne for private sale.
This is a rare opportunity to acquire a prime city-fringe investment, securely leased to an experienced hospitality operator. This site is positioned in the heart of Cremorne's commercial precinct with Seek and MYOB Headquarters a moment's walk.
Key features comprise:
* New 5-year lease (commenced 27 August 2023)
* Income: $50,000 pa + GST + outgoings
* Well-regarded hospitality brand
* Building area: 135 sqm approx.
* Secure basement parking for 3 cars
Located amongst a hive of activity in Cremorne approximately 3.5 Kilometres from the Melbourne CBD. This pocket is just off Cremorne Street and is well-serviced by all forms of public transport. In close proximity to the Monash Freeway and City Link.