INTRODUCTION

Aston Commercial are pleased to offer 388 Punt Road, South Yarra for sale via Auction on Wednesday 25th November 2020 at 12 noon on-site.

This exciting investment opportunity is located on major thoroughfare Punt Road and situated just South of flamboyant Toorak Road retail precinct. The large 316sqm* envelope of land has an expansive 15 metre* frontage which provides advantages for occupiers with both signage and on-site car parking opportunities.

The true hero of the property is the ASX listed tenant who has renewed their lease for a further 3-year term at $58,917 per annum* with a further 3-year option. The exciting benefit of the ASX listed tenant is land tax is fully passed onto the tenant providing a substantial back pocket benefit to the potential purchaser.

Complete with beautiful existing fit-out, Aston Commercial highly recommends this property for your investment portfolio.

388

S O U T H Y A R R A

“THIS EXCITING INVESTMENT OPPORTUNITY IS LOCATED ON MAJOR THOROUGHFARE PUNT ROAD AND SITUATED JUST SOUTH OF FLAMBOYANT TOORAK ROAD RETAIL PRECINCT.”