150 Stephen Street, Yarraville
THE ULTIMATE PASSIVE COMMERCIAL INVESTMENT LEASED FOR 10 YEARS WITH OPTIONS TO 2051!
Jones Real Estate is pleased to offer for your consideration, the ‘Madison’ located at 150 Stephen Street, Yarraville.
This immaculately presented, corner freehold is a perfect set and forget opportunity. Not only comprising of a ground floor retail premises but the property is also accompanied by an expertly renovated three-bedroom, one bathroom residence that is also privy to a two-car garage. Leased to the singular tenant with over ten plus years’ experience in the hospitality industry, ‘Madison’ is your next perfect commercial investment opportunity.
This dual story investment opportunity is perfectly positioned in the highly sought-after suburb of Yarraville. Surrounded by a strong residential catchment the property also greatly benefits from its accessibility to major arterial roads such as Whitehall Street, Sommerville Road, Williamstown Road, The Princess Highway and the West Gate Freeway offering unrivalled accessibility to surrounding suburbs and Melbourne’s Central Business District.
Key Highlights of the property include:
– Securely leased to a multi-site operator returning $70,000.00 per annum + GST & Outgoings
– Leased on an initial term of 10 years expiring October 2031
– The property is further secured by three 5-year optional terms
– Subject to 3% increases annually
– The lease is further underpinned by a 6-month bank guarantee with directors guarantees further safeguarding the investment
– Leased to the one tenant over both residential and commercial offerings
– Based on five years of sales, Yarraville has seen a compound growth rate of 6.0% in its residential property
– Blessed by its proximity to major arterial roads such as Whitehall Street, Sommerville Road, Williamstown Road, The Princess Highway and the West Gate Freeway
For Sale via Public On Site Auction Friday 13th May 2022 at 1pm.
For further information please contact the exclusive selling agents.