305 Coventry Street South Melbourne VIC 3205

Shop & Retail
70 m²
Sold

South Melbourne Investment With 10-Year Lease to Proven Tenant

Fronting South Melbourne Market
Freehold Title + Rear Access
Strategic Retail Location

Stonebridge Property Group is pleased to present for sale 305 Coventry Street, South Melbourne.

The key highlights of the opportunity include:

- 100% leased to Market Lane Coffee, a highly popular and established café business (est. 2009) with 9 locations throughout Victoria

- Market Lane Coffee lease the property on a 10-year term with one further five-year option (through to 2032) and favourable 4% increases

- The prominent double level building boasts rear access providing separate access to level one which is currently utilised as office space

- Positioned directly opposite the famed South Melbourne Markets, attracting more than 5.5 million visitors per year and providing a constant customer base for Market Lane Coffee

- Providing scope for a future 4 level mixed use development (STCA)

- Located at the heart of South Melbourne's prestigious café and retail precinct home to a number well regarded hospitality operators

305 Coventry Street, South Melbourne is offered for sale via Public On-site Auction Wednesday 22nd November 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Sarah Xi
0468 320 297

Rorey James
0439 400 081

*Approximately

Property Code: 794