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3B/47-53 Plenty Road,
Preston 3072, Victoria
Price withheld
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ESTABLISHED RESTAURANT WITH LONG LEASE
This long-established, high exposure restaurant on Plenty Road Preston offers prospective investors a long term income stream with a solid return of circa 5%.
The Opportunity
- Building area 103* sqm
- Current rental return $37,800 net
- Fixed 5 per cent annual rent increases
- 5 year lease commencing June 2023
- Option for a further 5 years to June 2033
- Purchase as a Going Concern (No GST to pay)
- 2 car spaces in lock-up undercroft garage
- Zoned Commercial 1 (C1Z)
The Location
- Situated on busy Plenty Road
- Close to South Preston Shopping Centre with its' mix of specialty stores and anchored by a Woolworths supermarket
- Handy to the renowned Preston Market boasting a myriad of grocery, fresh and hot food options plus variety stores
- Around 30 minutes* from the Melbourne CBD
For further information or to arrange an inspection please call John Star 0418 951 604 or Mitchell Kalpakis 0428 761 735.
*Approx.
DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.
The Opportunity
- Building area 103* sqm
- Current rental return $37,800 net
- Fixed 5 per cent annual rent increases
- 5 year lease commencing June 2023
- Option for a further 5 years to June 2033
- Purchase as a Going Concern (No GST to pay)
- 2 car spaces in lock-up undercroft garage
- Zoned Commercial 1 (C1Z)
The Location
- Situated on busy Plenty Road
- Close to South Preston Shopping Centre with its' mix of specialty stores and anchored by a Woolworths supermarket
- Handy to the renowned Preston Market boasting a myriad of grocery, fresh and hot food options plus variety stores
- Around 30 minutes* from the Melbourne CBD
For further information or to arrange an inspection please call John Star 0418 951 604 or Mitchell Kalpakis 0428 761 735.
*Approx.
DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.
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.
Due diligence checklist for home and residential property buyers.
Explore the area
School catchments
- Preston South Primary School Primary Prep-6 Government 0.45km
- St John's College Preston Combined Prep-12 Independent 0.51km
- Sacred Heart School Primary Prep-6 Catholic 0.57km
- Parade College - Preston Campus Secondary Catholic 0.67km
- St Mary's School Primary Prep-6 Catholic 0.78km
- Thornbury Primary School Primary Prep-6 Government 0.83km
- Preston High School Secondary 7-12 Government 1.0km
- SEDA College (Victoria) - AFL- Preston Secondary Independent 1.1km
- Bell Primary School Primary Prep-6 Government 1.1km
- Penders Grove Primary School Primary Prep-6 Government 1.1km
- Fitzroy Community School - Thornbury Campus Primary Independent 1.2km
- Wales Street Primary School Primary Prep-6 Government 1.4km
- Preston West Primary School Primary Prep-6 Government 1.5km
- Holy Spirit School Primary Prep-6 Catholic 1.7km
- Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 1.9km
- St Raphael's School Primary Prep-6 Catholic 2.0km
- Thornbury High School Secondary 7-12 Government 2.1km
- Antonine College - Cedar Campus Combined Catholic 2.2km
- Preston Primary School Primary Prep-6 Government 2.3km
- Northern College of the Arts and Technology Secondary 10-12 Government 2.3km
- Santa Maria College Secondary 7-12 Catholic 2.3km
- Virtual School Victoria Combined Prep-12 Government 2.4km
- Bindjiroo Yaluk Community School-The Island Campus Secondary Government 2.5km
- Sydney Road Community School-Coburg Teaching Unit Secondary Government 2.7km
- Coburg High School Secondary 7-12 Government 2.9km
- Northcote High School Secondary 7-12 Government 2.9km
- Islamic College of Sport Secondary 11-12 Independent 3.2km
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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Contact John Star
Contact John Star
John Star
3B/47-53 Plenty Road, Preston VIC 3072
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John Star
3B/47-53 Plenty Road, Preston VIC 3072