392 Victoria Street Richmond

Sale

YOU’LL SEE RED IF YOU MISS THIS ONE…

A purpose built establishment that has withstood the test of time… you name it, this building has not only seen it, it’s beaten it!

One family has owned, as well as operated and tenanted this building, since its inception in the late 1980’s. There’s been…

  • No loss of rent
  • No rent free
  • No leasing fees
  • No management fees or
  • None of the other ‘normal’ property ownership costs

It’s simply income with no hassle or loss… This building has paid itself off many, many times over!

The government has finally loosened its legislative belt for further value add opportunities. Operators can continue their ‘core business’ as they have in the past, but will be able to add additional revenue streams, such as a drinks venue/bar. These changes will elevate these businesses and the world’s oldest profession into the modern era.

What would you expect to pay for something like this?

  • An ‘over engineered’ purpose-built building with flexibility to add additional rooms with little to no cost
  • A business in operation for circa 30 years – with no income loss
  • A highly lucrative business as your tenant
  • An ‘above market’ rental in comparison to other sectors of the market, with rental growth potential

4%… 4.5%? You’d be on the floor when you hear what the quote is…

Put this all together and what do you get… a ‘once in a lifetime’ opportunity that will be sold. An assembly of people, who will say they wish they had purchased.

Don’t look back and see red! Take advantage of this unique opportunity today, before it’s too late! This property will be sold!

Separate on site building at rear that can be used for office or accommodation, with rear access via laneway.

Sold subject to existing lease.

Site 418m2*.

For Sale by Expression of Interest Closing 1 December 2.00pm.

For all property enquiries or to arrange an inspection, please contact our exclusive sales team.

*Approx.

Jack Teneketzis