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33 Flemington Road (Shops 6 & 7B) North Melbourne VIC 3051

  • Retail
  • 52 m²
  • Commercial Auction

2 X LEASED INVESTMENTS WITHIN VICTORIAS FASTEST GROWING MUNICIPALITY, OFFERED INDIVIDUALLY

  • Established & highly rated tenants
  • Booming medical & education precinct
  • Set & forget investments – Low outgoings

Shop 6:

+ 5-year lease to established hospitality operator Nemo (4.3 stars / 236 reviews Zomato)

+ Providing a net annual income of $42,131* + GST + Outgoings with fixed annual rental increases of 3.5%

+ Nemo is a flexible business offering the option to dine-in, take away or have food delivered (Uber Eats & Deliveroo), ideal for the surrounding population of students and patients at nearby medical facilities

Shop 7:

+ Recently renewed 3-year lease to St Cooper Café (4.7 stars / 45 Google reviews)

+ Providing a net annual income of $40,000* + GST + Outgoings with fixed annual rental increases of 3.5%

+ A favourite café for locals with indoor and outdoor seating for dine-in customers and takeaway services for those on the run

Location:

Positioned in the heart of Melbournes education and medical precinct, home to over 10,000+ employees, 65,000+ students & 250,000+ patients annually, directly benefiting local retailers

+ 20m* - RMIT Village (616 beds)
+ 50m* - Victorian Comprehensive Cancer Centre ($1.2bn*)
+ 100m* - Royal Melbourne Hospital
+ 180m* - Royal Childrens Hospital
+ 250m* The University of Melbourne

A highly accessible location with direct access to the CBD & surrounding suburbs

+ 20m* - Royal Melbourne Hospital Tram Stop
+ 250m* - Under construction Parkville Train Station
+ 10 minutes* - Uber to Southern Cross Station
+ 12 minutes* - Walk to State Library Victoria

FOR SALE VIA PUBLIC ON-SITE AUCTION THURSDAY 12TH SEPTEMBER AT 12.30PM

For more information please contact the CBRE Sales & Marketing Agents listed below:

Jing Jun Heng
+61 411 059 116

Nic Hage
+61 448 782 594

Rorey James
+61 439 400 081

*Approx

Auction date and time12/09/2019 12:30
Auction location33 Flemington Road, North Melbourne

Property Highlights

Property ID2015516350
Floor Area52 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  20 Aug 2019
Map for 33 Flemington Road (Shops 6 & 7B) North Melbourne VIC 3051
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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