35-39 Clifton Street
Prahran


Contact agent for details

Property Features


Property ID: 3316978

Building Size
407 m2
Land Size
470.00 m2

PRIME INVESTMENT OR REDEVELOPMENT IN DYNAMIC PRAHRAN LOCATION


For Sale by Expression of Interest

35-39 Clifton Street is an ideal development site/investment currently occupied by an office warehouse in a prime industrial location just off High Street, Prahran.
The premises are currently returning $60,004.42 per annum plus all outgoings on a three year lease commenced 01/08/2016 with a further three year option.

Surrounding properties are being redeveloped with proactive development support under the Activity Centre Zoning.
Parcels of this size are tightly held and highly sought-after in this busy and popular redevelopment location.

35-39 Clifton Street provides the opportunity to secure a quality investment with a potential future redevelopment advantage.

Inspection by appointment only.

- Total Building Area: 407 sqm approx.
- Total Land Area: 470 sqm approx.
- 14.5m frontage to Clifton Street
- Activity Centre Zone - Schedule 1
- Currently leased $60,004.42 per annum + Outgoings
- Lease terms: Three (3) Years commenced on 01/08/2016 with one further option of Three (3) Years and 4% annual increases
- Exercise option date: 30th of April, 2019

Contact:
Andrew Manos - 0425 721 222
Lan Nguyen - 0431 688 339