Colliers International is pleased to present the opportunity to purchase Ground Floor, 118 Franklin Street, Melbourne with the following key attributes:
- A large retail shop spread across two titles with extensive shop frontage
- Conveniently located on Franklin Street between Queen and Elizabeth Streets within close proximity to Emporium, RMIT, and Melbourne Central
- Strategically positioned in one of Melbourne’s most desired high density residential development precincts, on the doorstep of the Queen Victoria Market Renewal Project, expected to be completed in 2019
- Ground floor area of 141m²*
- Net income of $110,713* per annum plus GST and outgoings
- Future upside with the potential to subdivide into multiple tenancies (STCA)
- High foot traffic precinct resulting from a growing student population, extensive high rise development and Queen Victoria Market
- Well serviced by public transport via Melbourne Central Train Station and major tram routes along Elizabeth Street
- An exceptional opportunity for all investors and future owner occupiers to acquire an affordable CBD retail asset in the fastest growing pocket of the CBD
*Approx.
For Sale by International Public Auction on Friday 23rd September at 1pm On-Site
To arrange an inspection or for more information please contact Colliers International Melbourne City Sales team as the exclusive selling agents.
David Sia ??? +61 430 111 223
Oliver Hay +61 419 528 540
Daniel Wolman +61 412 957 839
Evolve - Gary Cakir
www.colliers.com.au/23829
This property is proudly marketed by the Melbourne City Sales team (MCS)