Hanabishi Japanese restaurant Melbourne premises fetch $4.89 million

Hanabishi Japanese restaurant Melbourne premises fetch $4.89 million
Staff reporterJune 28, 2018

Adjoining Melbourne buildings at 187 and 189 King Street have been sold to investors.

They went for $4.89 million and $5.32 million respectively.

Both were sold by private families who had used the properties for restaurant businesses.

The 187 King Street premises was double a-storey building on 187 square metres of land, sold fully leased to Hanabishi Japanese restaurant.

The double-storey building on the 186 square metre site at 189 King was sold vacant possession.

Generational changes of ownership prompted both sales, CBRE's Alex Brierley advised.

Editor's Picks

First home buyer turned investor: How young teacher Elycia bought her home at LUMA in Sunshine North
Northland launches Central Quarter, Merrylands' first new apartment development with Resilience 10-year Latent Defects Insurance
Aniko Group breaks ground on $2.5 billion The Landmark in Mermaid Beach
From passing curiosity to first home buyer: Josh’s journey to Olio Officer
First look exclusive: GRAYA expands Hamilton presence with The Gallery apartments