Colliers International is proud to present the opportunity to purchase 235-237 Faraday Street and 16 Faraday Lane with the following key attributes;
- An iconic freehold trophy investment in one of Melbourne’s most tightly held pockets less than 1km from the Melbourne CBD
- Fully refurbished state of the art improvements with major frontage and rear laneway access
- Strong covenants on secure leases including a 10 year lease to one of Melbourne’s Top 10 Burger Eateries, New York Minute and new five year lease to leading vintage clothing retailer, YesterYear
- Diversified investment opportunity consisting retail, office and residential components providing flexibility for future strata sell down
- Total Net Income of $260,422*p.a. + GST and outgoings
- Highly exposed building with extensive foot traffic travelling to and from The University of Melbourne
- Strategically located in close proximity to The University of Melbourne, Lygon Street’s bustling hospitality and retail precinct, The Royal Melbourne Hospital, Royal Children’s Hospital, parks and recreational facilities
- Surrounded by some of Melbourne’s finest eateries and an abundance of national and international retailers
- Well serviced by Swanston & Lygon Streets trams and buses with direct access to and from the Melbourne CBD
- Significant depreciation benefits
- A prime AAA investment not to be missed
*Approx.
For Sale by Public Auction on Thursday 18 August 2016 at 1pm on-site
To arrange an inspection or for more information, please contact Colliers International Melbourne City Sales team as the exclusive selling agents.
Oliver Hay +61 419 528 540
Daniel Wolman +61 412 957 839
David Sia (???) +61 430 111 223
This property is proudly marketed by the Melbourne City Sales team (MCS)
URL www.colliers.com.au/25083
