839 High Street Thornbury, VIC 3071

• Ray White Preston in conjunction with Collings Real Estate are excited to offer this superb boutique freehold investment in a popular Thornbury location only 9km's * from the Melbourne CBD
• Strategically located in the heart of vibrant High Street - recently voted the 'coolest street in the world'
• Surrounded by popular eateries, retailers, offices and various multi storey residential apartment buildings
• Leased to longstanding and well-regarded Smokin Joe's Pizza and Grill on a 5 year lease term until 31.7.2028 with a further option of 5 years
• Currently returning $50,618.88 plus outgoings with fixed 3 per annual increases
• Fixed rental increase of $52,137.44 commencing on the 1.8.2026
• Market reviews in year one of the option with fixed 4 per cent annual increases
• Flexible Commercial 1 Zoning with frontage to High Street and rear lane access
• Outstanding transport options nearby with Thornbury Train Station within 350 metres * and the tram at your door step
• Commercial One Zoned land of 197 m2*
• The property is eligible for Self Managed Super Fund (SMSF) LRBA Borrowing
• Approximately

From 1 July 2024, the State Revenue Office offers eligible buyers of commercial and industrial properties the option to pay stamp duty upfront at settlement or spread payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis: 0412 500 250 Mitchell Kalpakis: 0428 761 735
john.kalpakis@raywhite.com mitch.kalpakis@raywhite.com

Tom Gravias: 0418 378 889 Chris Vrantis: 0418 883 118
tom@collings.com.au chris.vrantsis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston and Collings Real Estate have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.