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An outstanding corner freehold asset with multiple income streams anchored by national tenant, 'Pizza Hut' with 270 stores Australia wide. Gorman Commercial together with Crabtrees Real Estate are delighted to offer 567 High Street, Prahran for sale via public auction. Auction: Friday 15th October 2021 at 12 noon on-site The property comprises two separate tenancies with a combined total income of $103,614 pa net and total building area of 264 sqm approx. The triple street frontage and land of 223 sqm approx. provides exceptional future development potential (S.T.C.A.). Pizza Hut:
* Lease: 3+3+3 years
* Income: $77,864 pa net
* Rent reviews: annual 4% increases
* Building area: 184 sqm approx. Hairdresser:
* Lease: 3+3 years
* Income: $25,750 pa net
* Rent reviews: annual 3% increases
* Building area: 80 sqm approx. Located between Grandview Grove and Chatsworth Road, Prahran, only 600m from Hawksburn Village.
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