1 Powlett Street East Melbourne VIC 3002

Unique opportunity to purchase a blue chip retail investment in the absolute heart of East Melbourne.

> Strong lease covenant - Laurent Patisserie
> Lease term: Five (5) + Five (5) years
> Lease commencement: 1 July 2012
> Rental: $81,752 pa Net
> Fixed annual increases
> One secure off street carpark
> Prominent corner position
> Fabulous exposure to Wellington Parade
> Abuts a high net worth residential precinct

East Melbourne is located 2 kms east of the CBD. East Melbourne is the major centre for public administration and health care in Melbourne, including the Parliament and Treasury buildings and the Mercy, Freemasons and Eye and Ear Hospitals and the Peter MacCallum Cancer Institute.

East Melbourne has a highly educated and professional population, with many employed as managers, administrators and professionals.

The subject property is ideally positioned on the north west corner of Powlett St & Wellington Pde.

It is strategically located being in close proximity to Fitzroy and Treasury Gardens, MCG and directly opposite Jolimont rail station.

It enjoys an enviable position only minutes' walk to the Paris end of the CBD.

For further details, please contact Matt Hoath on 0418 543 714.