Level Gnd Floor, 721 Nicholson Street, Carlton North, VIC 3054

Retail | Showrooms

Sold

  • Property ID: 437176
  • Floor Area: 72m²
  • Land Area: 1m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 31/05/2024 72m2 1m2 Contact Agent
SOLD | SOLD | SOLD | SOLD | SOLD | SOLD LAUNDROMAT INVESTMENT WITH 5 YEAR LEASE - CIRCA 5.5% Return

Vision Real Estate are pleased to offer for Private Sale, this securely leased and high yielding retail investment property with a new 5 year lease from 01/03/2024.

Located in the much sought after and tightly held Nicholson Street retail precinct, this property offers an opportunity for astute investors to purchase a solid retail investment with huge capital growth potential with a proven tenant in one of the best inner city suburbs in Melbourne.

Features Include;

* Area: 72sqm approx
* Long standing tenant
* Market rent of $33,000 per annum plus outgoings and GST
* 5 year lease commenced 01/03/2024 plus 5 year option
* Refurbished building

For all enquiries, information and inspections please contact Tim Bindley

Carlton North Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $400 ---
Offices --- $400 ---
Retail $10906 $443 4.06%
This is the average advertised price, rent and yield for Carlton North, VIC 3054*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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