Shops 5 & 6/232 Brunswick Street, Fitzroy
Nelson Alexander Commercial are delighted to offer for Public Auction, this prime Brunswick Street Retail investment opportunity.
Boasting 3 separate tenancies and offering 2 tittles, this prominent, high exposure retail opportunity is situated within the popular "Max Building" and located in the heart of Brunswick Street retail, lifestyle and hospitality precinct, and only moments to Gertrude Street and the Melbourne CBD.
This exciting investment opportunity simply should not be missed!
Key Property Features:
* 197sqm total floor area (approx)
* 3 off street carparks (2 secure basement garage)
* Zoning: Commercial 1
* High profile building in prime city fringe location
* 3 separate tenancies showing combined annual rental of $162,622(approx)
* 2 Titles
* Sound investments opportunity with strong rental income
Current Lease Particulars
Shop 5
* Tenant - Save Yourself Pty Ltd
* Lease Start - 15th June 2016
* Lease Expiry - 15th June 2019
* Current Rental - $48,880pa + GST +Outgoings
* Options - 3 years + 3 years
* Annual Reviews - 4% pa
* Security Deposit - 3 months rent + GST
Shop 6a
* Tenant - Elena King
* Lease Start - 1st July 2017
* Lease Expiry - 30th June 2019
* Current Rental - $41,000pa + GST +Outgoings
* Options - 2 years + 1 years
* Annual Reviews - 4% pa
* Security Deposit - 3 months rent + GST
Shop 6b
* Tenant - State of Victoria t/a Parliament of Victoria
* Lease Start - 12th February 2018
* Lease Expiry - 1st February 2019
* Current Rental - $72,742pa + GST
* Options - N/A
* Annual Reviews - N/A
* Security Deposit - N/A
For all property enquiries, to arrange an inspection or to request copy of Contract of Sale, please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
