Chapel Street, South Yarra retail property for auction

Chapel Street, South Yarra retail property for auction
Chapel Street, South Yarra retail property for auction

A South Yarra retail property has been listed for auction.

Located at 403 Chapel Street, it has three street frontages with the opportunity for future cut up potential.

It has a four year net lease to a highly secure tenant with a net annual income of $208,000 with all outgoings paid by the tenant and a 4% fixed annual increase.

Surrounding the property are a number of residential developments, set to provide higher density, increased foot traffic and further demand for retailers.

The auction is on December 9 through CBRE agents Rorey James, Nic Hage and Justin Dowers.

Tags: 
South Yarra Commercial Property

Comments

Be the first one to comment on this article
What would you like to say about this project?