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For Sale

2/1 Colombo Street,
Mitcham 3132, Victoria

2 car spaces
128m² building size
Retail

$1,280,000 - $1,320,000

Property details

Station-Side Investment | Strong Income | Mitcham Station Precinct | Circa 5.9% Yield

Ray White Judd White Group is pleased to present this high-quality retail / hospitality investment opportunity, now offered for private sale at **$1,280,000 - $1,320,000**.

This fully fitted hospitality premises is positioned on a high-profile corner location, benefiting from strong exposure, consistent passing traffic and proximity to Mitcham Station, local retail and key transport amenity.

Securely leased to the established restaurant operator, Top Noodle House, the property provides immediate income with a new 3-year lease plus a 3-year option.

### Key Investment Highlights:

• Fully fitted retail / hospitality premises
• Leased to established restaurant operator - Top Noodle House
• New 3-year lease with 3-year option
• Passing rental of **$77,233.60 per annum (GST exclusive)**
• **Approximately 6% gross yield based on the asking range**
• High-profile corner position with strong passing traffic
• Direct proximity to Mitcham Station and public transport
• Secure basement car parking
• Established residential and commercial catchment

For further information, including the Information Memorandum and full tenancy details, please contact the exclusive selling agents at Ray White Judd White Group.

Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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Inspections

Explore the area

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School catchments

  • St John's School Primary Prep-6 Catholic 0.12km
  • Mitcham Primary School Primary Prep-6 Government 1.0km
  • Antonio Park Primary School Primary Prep-6 Government 1.3km
  • Mount Pleasant Road Nunawading Primary School Primary Prep-6 Government 1.5km
  • Rangeview Primary School Primary Prep-6 Government 1.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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