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Sold on 29 Nov 2018

620 Collins Street Melbourne VIC 3000

  • Retail
  • 639 m²
  • Sold

A MELBOURNE CBD SUPERMARKET & RETAIL INVESTMENT WITH UPSIDE

  • Super prime corner of Collins & Spencer
  • Total base rent of $892,000 per annum*
  • Over 70 metres* of pure street frontage

OVERVIEW

+ Super prime CBD retail corner comprising strong trading supermarket and several complimentary retail shops

+ Boasting a triple street frontage with over 70 metres* of exposure to Collins Street & Spencer Street

+ Highly bankable and total base rent of $892,000 per annum* secured by 8 thriving retail tenancies including IGA Supermarket (Metcash) and Gloria Jean's Coffee

+ Remarkable value-add opportunities via tenant repositioning, activation of additional tenancies & significant rental growth

+ An opportunity to own an entire city corner within the fastest growing precinct of the Melbourne CBD

LOCATION

+ Situated on one of Melbourne’s most highly trafficked corners directly opposite Southern Cross Regional Train Station and Shopping Centre – 46,000 commuters daily*

+ Surrounded by the city’s most significant residential, hotel and education developments with over $3 billion of private investment including the new Mandarin Oriental Hotel within 50 metres*

Open for inspection times below:
Tuesday 20th November from 10:00am - 10:30am
Thursday 22nd November from 11:00am - 11:30am

For Sale Via Public Auction as part of the CBRE Premium Property Portfolio Auction to be held on November 29th 2018 from 6.00pm (AEDT) at Zagame Ferrari Head Office, Level 1, 430 Swan Street Richmond, Vic

For more information please contact the exclusive sales and marketing agents:

Josh Rutman
+61 499 881 202
josh.rutman@cbre.com.au

Max Ruttner
+61 425 799 942
max.ruttner@cbre.com.au

Nathan Mufale
+61 416 789 218
nathan.mufale@cbre.com.au

Dylan Kilner
+61 459 396 341
dylan.kilner@cbre.com.au

AUCTION

Auction date and time29/11/2018 18:00
Auction locationLevel 1, 430 Swan Street Richmond, Vic

Property Highlights

Property ID2014720332
Date Sold29 Nov 2018
Floor Area639 m²
Land Area639 m²
ParkingAsk Agent
Category
Last updated  29 Nov 2018
Map for 620 Collins Street Melbourne VIC 3000
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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