Teska Carson is pleased to present 297 Victoria Street, Abbotsford, for Private Sale.

An exceptional opportunity for any investor looking to acquire one of Abbotsford’s best properties.

Leased to a strong and established tenant, TungThit is a highly regarded and well-established operator within Melbourne’s vibrant dining scene, known for its authentic cuisine, loyal customer base, and consistent performance. With a strong reputation and proven trading history, TungThit represents a secure and reliable tenant, underpinned by the growth and popularity of the Abbotsford food and lifestyle precinct.

Key investment highlights:

- Current rental income: $150,818.18 p.a plus GST & Outgoings

- Lease Term: 8 Years (comm. 1 Feb 2021) 

- Options: 5 Years + 5 Years

- Built in growth – fixed 3% annual increases ensuring steady rental uplift

- Premium corner position with over 42 metres of frontage to  Victoria Street and Charles Street offering excellent exposure in one of Melbourne most vibrant retail and dining precincts.

This property offers an investor complete peace of mind with secure income, fixed rental growth, and a long-term lease covenant.

With Abbotsford’s booming residential and commercial activity, demand for high-profile retail assets in this tightly held strip is at an all-time high.

For more information or to arrnage an inspection please don’t hesitate to contact our exclusive selling agents.