Smart Café Investment
Mortgagee Sale – Shop 2, 7 Yarra Street, South Yarra South Yarra is a premier shopping and entertainment destination where hospitality, fashion and specialty retailers thrive. This property, currently leased
Food business, café or office conversion.
GrayJohnson is pleased to offer for sale this single-storey retail shop located in a busy Preston shopping precinct. Offered with vacant possession, the premises are currently occupied by the Moon Palace Chinese takeaway. The building comprises a small service section at the front, a commercial kitchen and a large rear area, formerly a residence but now used for storage. It sits on a well-proportioned landholding with a laneway providing rear access for deliveries and parking.
While ideal for a food service business, the property also offers potential for a new owner with creativity and imagination to restore the rear residence, to convert the whole building into professional offices or to add value with additional floors^.
The opportunity:
• Land area 202 sqm*
• Building area 113 sqm*
• Rear laneway access to onsite parking
• Affordable price point
• Zoned Commercial 1
The property is well-positioned alongside a mix of retail and service businesses and cosmopolitan eateries. The West Preston tram route (Route 11) runs along Gilbert Road with a stop right at the door.
The location:
• Thriving shopping strip location
• Tram stop at the door
• Easy access to major arterials
• 10km* north of the Melbourne CBD
*approx.
^STPA