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Sold on 4 Dec 2019

321 La Trobe Street Melbourne VIC 3000

  • Retail
  • 107 m²
  • Sold

PRIME MELBOURNE CBD HOSPITALITY INVESTMENT LEASED TO ESTABLISHED RESTAURANT OPERATOR

  • RETURNING $130,000 p.a.*
  • 6.6M* OF OUTSTANDING STREET FRONTAGE
  • EXTENSIVE BUILDING AREA OF 107sqm*

Highly secure eight (8) year net lease to Ikkoryu Fukuoka Ramen returning $130,000 p.a * with 4% fixed annual increases providing outstanding future growth and significant depreciation benefits

Extensive building area of 107sqm* with dual access from both La Trobe Street and Flanigan Lane providing future subdivision potential (STCA)

A proven 7-day hospitality and lifestyle precinct surrounded by some of Melbournes newest and most popular restaurants, bars and cafés

Brand new fully serviced restaurant with outstanding exposure and street frontage

Strategically located in one of Melbourne CBDs highest growth precincts with premium residential and hotel developments set to deliver over 4,000 dwellings and 790 hotel rooms in the next five (5) years

Surrounded by some of Melbournes best transportation networks with close proximity to Melbourne Central Train Station and La Trobe Street bus and tram networks

For Sale via on-site Public Auction Wednesday 28th March 2018 at 2.30pm

To arrange a personal inspection or for further information please contact the exclusive sales and marketing agents at CBRE Melbourne City Sales:

Alex Brierley
+61 447 974 447

Jing Jun Heng
+61 411 059 116

Address321 La Trobe Street Melbourne VIC 3000
ZoningCCZ1 - Capitcal City Zone (CCZ) Schedule 1
CouncilMELBOURNE CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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AUCTION

Auction date and time28/03/2018 14:30
Auction locationON-SITE AUCTION

Property Highlights

Property ID2014201881
Date Sold4 Dec 2019
Floor Area107 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypePartial building
Category
Last updated  2 Dec 2019
Map for 321 La Trobe Street Melbourne VIC 3000
Map for 321 La Trobe Street Melbourne VIC 3000321 La Trobe Street Melbourne VIC 3000
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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