3 Railway Place, Cremorne
$580,000 - $638,000
Inner-Suburban Modern Commercial Property with Great Investment Return
PhilipWebb Real Estate is pleased to offer 3 Railway Place, Cremorne for Private Sale. Currently utilised as a café, this modern shop front is just two and half years old. The property enjoys an iconic location just off vibrant Swan Street and is only metres from Richmond East Train Station. With an excellent return on investment and the opportunity of great capital growth on the fringe of the Melbourne CBD.
*Long lease remaining (12.5yrs in total) – 2.5yrs plus 5yrs + 5yrs options – what does this mean?
*Current rental return of $38,500 (approx.) inclusive of GST
*CPI increases annually or minimum 2% increase
*Tenants pay all outgoings
*80 square (approx.) shop front with bathroom and basement storage
*Indoor and outdoor seating for up to 30 people
*Ample car parking nearby
*Prime location off Swan Street, metres from Richmond East Station
*Proximity to the MCG, Melbourne Park and Melbourne CBD
*Great potential for return on investment of approximately 5.6% to 6%
Our advertised Open For Inspections are By Registration only. Please contact the agent first to register your attendance.
***PhilipWebb Real Estate Coronavirus Update***
The health of our valued clients and staff is our highest priority. Please note the following changes to our open for inspection processes as we navigate the current Coronavirus (COVID-19) situation.
*Our advertised Open For Inspections are By Registration only. Please contact the agent first to register your attendance.
*Please maintain safe social distancing of 1.5m from anyone in attendance at the inspection, including PhilipWebb staff
*Avoid touching surfaces including fittings and fixtures within the property
*Hand sanitiser is provided
We kindly ask that you refrain from attending an inspection if you:
*Are experiencing flu-like symptoms
*Have tested positive to, or have recently been in contact with someone diagnosed with Coronavirus
*Have recently travelled overseas or have been in direct contact with someone who has
We’re all in this together and we thank you for your understanding.