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Cremorne's most visible corner, earning $1.15 million+ a year from day one.
Aston are pleased to present 1-3 Harcourt Parade, Cremorne by Expressions of Interest closing Thursday 17 September at 3pm.
1-3 Harcourt Parade sits where Punt Road meets the Monash Freeway, in front of up to 470,000 vehicles a day. Two digital billboards and a car park deliver three contracted income streams with fixed annual growth, funded and maintained by national operators at no cost to the owner.
There's also a Development Approved hotel permit held in reserve behind the income, for a buyer who wants to look further.
The features :
• 785m²* corner site, zoned Commercial 2 (C2Z)
• Dual frontage to Punt Road and the Monash Freeway (M1)
• Three contracted income streams, $1.15 million+ p.a. *
• Fixed annual rent reviews across all leases
• Development Approved permit for a 96 room hotel held in reserve
Contact the exclusive agents for the information memorandum.
Jeremy Gruzewski 0422 211 021
Fred Nucara 0418 567 560
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