62 Commercial Road, Prahran, Vic 3181

Lemon Baxter is pleased to offer 62 Commercial Road, Prahran for sale, a securely leased retail freehold positioned along one of Melbourne’s busiest commercial and retail strips.

The property comprises approximately 220 sqm* of net lettable area on a 126.47 sqm* landholding, with approximately 4.5 metres* of frontage to Commercial Road. It is leased to Crystal Clean Laundrette Pty Ltd, generating $43,000 per annum plus GST and outgoings.

The lease expires on 9 November 2028 and includes a further three-year option, with fixed annual rent increases of 3%. The tenant is responsible for recoverable outgoings, excluding essential safety measures.

Key highlights include:
- Current rental income of $43,000 per annum plus GST and outgoings
- Lease secured until 9 November 2028, plus a further three-year option
- Fixed annual rent increases of 3%
- One rear car space
- Health and Community Zone
- Tram services at the doorstep

The property benefits from substantial passing traffic and immediate access to Commercial Road’s established retail, hospitality and medical precinct. Prahran Market is approximately 350 metres* away, while Fawkner Park, The Alfred and St Kilda Road are all within easy reach.

For Sale via Private Sale

Contact our exclusive selling agents for more information. 

*Approx.