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Sold on 11 May 2018

72-74 Bourke Street Melbourne VIC 3000

  • Shop & Retail
  • 254 m²
  • Sold

Classic CBD Freehold Investment

  • Prime CBD Investment
  • Highly Regarded Tenant
  • Strong Upside Potential

Savills is delighted to offer for sale this remarkable freehold CBD retail investment, located at 72-74 Bourke Street, Melbourne.

Situated in the prized east-end of Melbourne's CBD and leased to long term tenant, "Bottega" restaurant, this premium property is ideally positioned between two Melbourne icons; Grossi Florentino and Pellegrini's. Boasting a prime location, high profile tenant and very strong growth prospects, we strongly recommend this ideal CBD investment.

The key attributes of the property include:

- A magnificent 2-level building in immaculate condition
- Renewed 5+5+5 year lease to Melbourne institution "Bottega" Restaurant
- Bottega has been in occupation since 2002
- Net Rental: $211,940 per annum* (as at 13 May 2018)
- Wide Bourke Street frontage of 8m* with 2nd street frontage to Mornane Place
- Valuable landholding of 198sq m*
- Significant future rental and development upside potential
- Perfectly positioned between Melbourne icons; Grossi Florentino and Pellegrini's
- An incredible location within the 24-hour district of Melbourne's East End
- An extremely rare CBD freehold investment opportunity!

EOI closed - A multitude of offers received and being reviewed.

For further information, please contact:

Clinton Baxter - 0413 569 888
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

Clinton Baxter
Savills Melbourne
Clinton Baxter
Savills Melbourne
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Benson Zhou
Savills Melbourne
Benson Zhou
Savills Melbourne

Property Highlights

Property ID2014300346
Date Sold11 May 2018
Floor Area254 m²
Land Area198 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  16 Jun 2021
Map for 72-74 Bourke Street Melbourne VIC 3000
Map for 72-74 Bourke Street Melbourne VIC 300072-74 Bourke Street Melbourne VIC 3000
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Clinton Baxter
Savills Melbourne
Clinton Baxter
Savills Melbourne
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Benson Zhou
Savills Melbourne
Benson Zhou
Savills Melbourne

Property Highlights

Property ID2014300346
Date Sold11 May 2018
Floor Area254 m²
Land Area198 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  16 Jun 2021
Savills Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne VIC 3000
Clinton Baxter
Savills Melbourne
Clinton Baxter
Savills Melbourne
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Benson Zhou
Savills Melbourne
Benson Zhou
Savills Melbourne

Ask Clinton Baxter about this property

Clinton Baxter

Clinton Baxter

Savills Melbourne

Nick Peden

Nick Peden

Savills Melbourne

Benson Zhou

Benson Zhou

Savills Melbourne

0413 *** ***
0413 569 888

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