39-41 Rose Street, Essendon VIC 3040

ON SITE PUBLIC AUCTION FRIDAY 4TH MARCH 2022 AT 10.30AM.

Colliers are delighted to offer for sale 39-41 Rose Street, Essendon, an outstanding retail investment opportunity leased to an essential service healthcare business in operation for 40+ years.

- Blue chip investment opportunity positioned in one of Melbourne's most tightly held and highly regarded retail strips with zero vacancy, in the heart of Essendon.

- Leased to AAA+ tenant, "Woods & Associates Optometrists by G&M Eyecare", in operation for 30+ years serving the community as an essential service healthcare provider.

- National essential service healthcare tenant with 85 stores across Australia.

- Brand new 5 x 5 x 5 year lease term (with options extending to 2036).

- Current net income of $109,459.26 + GST + Outgoings per annum.

- Prime double fronted retail building underpinned by strong underlying land area of 196m².

- Strong long term development potential with existing precedence for multi-storey development. Flexible Commercial 1 Zoning permits residential, retail, office, hotel or mixed-use developments (STCA).

- Ideally positioned directly opposite a major public transport hub in Essendon Train Station, bus terminal and tram depot one of the busiest locations in the area.

An excellent investment opportunity with promising future development potential, 39-41 Rose Street, Essendon for sale by Public Auction on Friday March 4th at 10:30am on-site.

To arrange an inspection or for more information, please contact Colliers as the exclusive selling agents.

Anthony Kirwan | +61 431 952 430
Alex Browne | +61 418 350 545