125 Dundas Place Albert Park VIC 3206

Knight Frank are delighted to offer for sale via Auction this securely leased prime retail investment in one of Melbournes most tightly held precincts.

125 Dundas Place, Albert Park has the following key investment features:

- Secure lease to cosmetic giant MECCA Brands Pty Ltd
- New 5+5 year lease expiring 2027
- Net income of $107,687* p.a.
- Annual CPI rental increases
- Building area of 141 sqm*, with a land area of 218 sqm*
- ROW access with rear car parking
- Flexible commercial 1 zoning
- Long term tenant

This generational asset is located within the tightly held Albert Park Village and surrounded by affluent retail and residential amenity. Albert Park is located only 3km from the Melbourne CBD and has a median house price of $2,425,000. This prestigious suburb is situated in the municipality of Port Phillip and is home to the Formula One Grand Prix, an internationally recognised event.

The property will be open for inspection on Monday's and Wednesdays between 10:30am - 11:00am each week, alternatively an inspection can be arranged by appointment.

125 Dundas Place, Albert Park is being sold via a public on-site Auction to be conducted on Friday the 31st August at 12noon.