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152 Sturt Street
Southbank VIC 3006
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Sold on 7 Jun 2017

152 Sturt Street Southbank VIC 3006

  • Shop & Retail
  • 1,080 m²
  • Sold

Blue Chip Southbank Retail Investment

  • New 1,080sq m* Retail Space
  • New Long Lease to Government Tenant
  • Future Subdivision Potential

Savills is delighted to offer for sale this prime, fully leased retail tenancy in a highly sought after position within the heart of Southbank's entertainment precinct. This flexible property represents a fantastic opportunity to acquire a prominent retail investment with a new, long term lease to a highly secure government tenant.

The key attributes of this fantastic property include:

- The whole ground level retail component of the hugely successful 317 apartment 'Guild' development
- Building Area: 1,080sq m* (divisible as 6 separate retail premises)
- New 5+5+5+5 year lease from 20 September 2016
- 100% leased to City of Melbourne (trading as Creative Victoria - a State and Local Government body)
- Current Net Rental: $168,105 per annum*
- New retail space offering significant depreciation benefits and a brand new, capital intensive tenant fit-out
- A highly strategic location for the tenant, surrounded by other arts/entertainment institutions including Victorian College of the Arts, National Gallery Victoria, Melbourne Symphony Orchestra, Arts Centre, State Theatre, Melbourne Recital Centre and more
- A magnificent investment opportunity with the security of a brand new lease to a blue-chip tenant!

Ground, 152 Sturt Street, Southbank is For Sale by Public Auction on Wednesday 7 June at 12 noon on-site.

For further information, please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

Property Highlights

Date Sold7 Jun 2017
Floor Area1,080 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Property ID2013581507
Category
Last updated  30 Sep 2021
Map for 152 Sturt Street Southbank VIC 3006

Property Highlights

Date Sold7 Jun 2017
Floor Area1,080 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Property ID2013581507
Category
Last updated  30 Sep 2021

Listed by

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