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Gorman Allard Shelton is pleased to offer 460 Church Street, Richmond/Cremorne for sale via public auction on Thursday 21st September at 12 noon on-site. The property presents a rare opportunity to acquire a prime city fringe investment securely leased to one of Australia’s most well-known fast food chains and located within one of Australia’s best commercial and residential precincts.
Key highlights include: * Income: $77,437 pa + GST + outgoings
* Lease term: 5 + 5 + 5 + 5 (Commencement date – July 2022)
* Securely leased to national brand “Crust Pizza” which has been in the street for 20+ years
* Tenant trades 7 days a week, with the following business hours: Sun-Thurs: 11am-2am and Fri-Sat:11am-4am
* Commercial 1 zoning
* Two street frontages
* Excellent rear access via Milton Place and abutting a council car park
* Substantial on-site parking and potential for further development on rear land
* Metres from East Richmond Train Station and Swan Street
* Situated within Melbourne’s busiest city fringe precinct and surrounded by an abundance of nightlife and entertainment
* Positioned at the gateway to Melbourne’s Sports & Entertainment Precinct comprising landmark venues such as the MCG, AAMI Park, Melbourne & Olympic Parks, home to major sports codes and events such as the Australian Open Tennis Located within this tightly held retail location of Richmond/Cremorne, the property is walking distance to everything this vibrant city-fringe location has to offer and is metres from the Swan/Church Street intersection.
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