147-149 Cecil Street
South Melbourne

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Property Dates and Times

Property Features

Property ID: 3432535

Building Size
167 m2

High yielding Retail investment, circa 5% net

Centrally located prime retail premises housing Austro bakery cafe. Located less than 100 metres from South Melbourne Market.

The building benefits from dual street frontages (Hotham St) which allows access for secure undercover parking at street level for 2 vehicles (on title).

Boasting a 5 year lease to a strong tenant, with 2 x 5 year options, and 4% annual rent increases. Rent at 7 March 2021 will be $101,237.76 + GST plus outgoings.

A great opportunity to purchase this tightly held ground floor retail premises of approx 167 sqm with 10.4 metre street frontage in a prominent inner city location.

On site Auction 2.00 p.m. Wednesday 24th March 2021.