Retail | $1,000,000 | 5.91% Net Yield | VIC
Boutique Inner-City Retail Investment with 5.91% Net Yield – High Exposure & Strong Tenant Covenant
This boutique commercial strata investment is located in one of Melbourne’s most dynamic inner-northern suburbs, just 5–6 km from the CBD. Occupying 150 sqm of prominent street-facing retail space, the property is securely leased to a well-established lighting retailer and generates a net income of $59,113.56 per annum.
Positioned within a vibrant and rapidly evolving retail precinct, the asset benefits from exceptional visibility, excellent transport connectivity, and consistent foot traffic. With a fixed 3% annual rental increase, a professionally managed tenancy, and a lease secured until 2028 with an additional 4-year option, the investment offers immediate cash flow and long-term value.
Key Highlights
- Asset Class: Retail
- Price: $1,000,000
- Net Yield: 5.91%
- Net Income: $59,113.56 per annum
- Lettable Area: 150 sqm (approx.)
- Lease Term: 4 years from Feb 2024 + 1 x 4-year option
- Annual Reviews: Fixed 3% increase
- Outgoings: $14,860.88 (portion recoverable ~69%)
- Zoning: Commercial 1 Zone (C1Z)
- Strata Title: Yes (2 exclusive car spaces included, subject to confirmation)
- Lease Security: 3 months’ rent (plus GST)
- Management: Professionally managed
- Flood / Bushfire Zone: Not located within either
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Purchasing Costs
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