172 Burnley Street Richmond VIC

Prime Investment Opportunity in Richmond!
Looking for a profitable investment in a thriving location? Look no further! We are thrilled to present this exceptional property in the heart of Richmond, offering an incredible opportunity for savvy investors.

Property Features:

Current Use: Bar (Hydrant Bar)
Lease: Long-term lease in place (3 years)
Further Terms: Two further terms of three (3) years each
Commencement Date: 01/08/2022
Rental Income: $24,825 per annum
Yearly Increases: 3%

Tenant pays outgoings estimated as follows:
Council Rates: $1,200 per annum
Water Rates: $1,000 per annum
Owners Corporation Fees: $1,700 per annum

Zoning: Commercial 1

Investment Highlights:

High Yield: Enjoy a lucrative return on investment with a steady income stream of $24,102 per annum.

Secure Lease: The property benefits from a long-term lease agreement spanning three (3) years, providing stability and consistent rental income.

Established Tenant: The property is currently leased as the popular Hydrant Bar, ensuring a reliable tenant and continued cash flow.

Desirable Location: Situated in the bustling suburb of Richmond, renowned for its vibrant atmosphere, trendy eateries, and popular entertainment venues.

Property Details:

This recently renovated well-maintained property with high ceilings & disabled toilet in addition to the advertised building area of 38 sqm, offers a cozy and intimate setting for the Hydrant Bar. With its manageable size, the property presents an attractive investment opportunity with minimal overheads.

Don't miss out on this exceptional investment! Whether you are a seasoned investor or a first-time buyer, this property offers a promising venture with stable returns and potential for future growth.
  • Retail
  • 38 sqm
  • Contact Agent

Agent Details

Steven Pantelios

P: 03 9429 4883

M: 0417311006

Andrew Kolovos

P: 03 9429 4883

M: 0402 090 922

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