Rare Commercial Freehold in One of Melbourne’s Busiest and Most Recognisable Locations
Stonebridge Property Group is pleased to present for sale 384 Punt Road, South Yarra.
The key highlights of the opportunity include:
- Tenanted by a highly rated Japanese restaurant – backed by renowned chefs who have experience at some of Melbourne’s finest restaurants
- The building has been recently refurbished throughout and includes a brand new fitout and custom built kitchen
- The current tenant occupies the property on a new 6-year lease with fixed 3.5% annual rental increases
- Strategically positioned alongside a council car park, providing rare customer convenience
- Located within South Yarra – an affluent inner south-eastern suburb boasting a median house price of $2,035,000
- Close proximity to Melbourne’s most desirable retail hubs such as Toorak Road and Chapel Street
- Tenants enjoy favourable signage opportunities, with Punt Road frontage providing exposure to circa 33,000* passing cars daily
*Approximately
^As at May 2nd 2023
384 Punt Road, South Yarra is offered for sale via Public On-Site Auction on Wednesday 19th April 2023 at 2:30pm (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0488 782 594
Sarah Xi ???
0468 320 297
Property Code: 619