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 to a specialty coffee chain, represents an outstanding opportunity to obtain a foothold in one of Melbourne’s busiest retail precincts catering to the burgeoning young demographic in nearby high-density residential developments.
The premises are leased to Good Bean, a specialty coffee business with more than 25 outlets across three states. With a five year lease commencing 1 July 2024 and a further five year option, this property offers immediate and ongoing income.
The café is located in a contemporary building with a hotel, commercial offices and more than 160 apartments. It is close to the vibrant shopping strips of Toorak Road and Chapel Street and just metres from South Yarra Station and offers superb access to main arterials including Alexandra Parade and City Link.
Key features
• 5 + 5-year lease commencing 1 July 2024
• Rental: $19,200 pa net
• One secure car park included
• Affordable price point
Location
• Fantastic position – metres to South Yarra Station
• 150m to Toorak Road tram
• Located in vibrant commercial hub
• Close to Toorak Road and Chapel Street
If you would like more details on this opportunity please contact Rory White 0439 655 504 or Matt Hoath 0418 543 714.
