Morley is pleased to offer For Sale 4/9 Yarra Street, South Yarra, a ground floor retail investment in one of Melbourne's most sought after locations. 5 + 5 + 5 year lease, underpinned by attractive 4% annual rent increases. Leased to well established Health Connection, a healthcare hub providing osteopathy, myotherapy, massages and infrared sauna. Rental: $50,618 p.a. + GST + outgoings. Area: 41sqm approx + additional on site storage + external area with potential to provide additional revenue + 1 on site car space. High quality purpose built fit out, featuring 2 treatment rooms, a sauna room, and a street-facing coffee takeaway window. Positioned in a bustling thoroughfare connecting South Yarra Train Station & Chapel Street, delivering consistent pedestrian traffic in arguably Victoria's most densely populated area outside the CBD. Ideal for entry level investors or self-managed super fund (SMSF) buyers seeking a stable return.
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