This prime investment comprises three office suites across separate titles totaling 1093 sqm* (973 nla). The property is securely leased to Kikki.K Head Office until 2019 with a current net annual income of $388,250* and a 3-year option at the end of the current term. The property comprises multiple titles providing flexibility for future re-leasing or sale of each office suite.
Kikki.K is a multinational retailer with a total of 85 stores worldwide and a digital flagship store which has experienced strong annual growth rates. There are plans to carry the brand across both Hong Kong and the UK in the future as the company and its 300 employees continue to grow strong.
Situated within the 2009 built 'Bianca' development in Bay Street, Port Melbourne; this second floor office is complimented by a modern and well-designed fit-out, a large 120 sqm* balcony with and north easterly aspects and includes 45 car parking spaces, with an overstated car-park ratio of 4.6 car spaces per 100 sqm.
The commercial component of the ‘Bianca’ development comprises ground floor retail, Goodlife Health Club on the entire first level and two levels of corporate offices.
Key commercial tenants including First Choice Liquor, Thomas Dux, Defence Housing Australia and Goodlife Health Club among others. A separate entry to the building provides access to the 37 residential apartments situated directly above.
*approx.
Highlights:
* 3x office suites across separate titles
* Current net annual income of $388,250*
* Securely leased until 2019 plus option
