Colliers International is pleased to present the opportunity to purchase 78 Howard Street, North Melbourne with the following key attributes:
• Fully leased hostel to long standing and established national tenant YHA
• Offered with a substantial income of $550,000* net per annum, suitable for; Investors, future occupiers and land bankers
• Secure 5 x 5 x 5 year lease with flexibility after the first term (ending 2022) with the opportunity to exercise a demolition clause
• Significant underlying land area of 1,159m2 with a flexible Mixed-Use Zoning (MUZ) providing unrivalled future upside
• A broad street frontage to Howard Street totalling 37m*, with rear access to Courtney Street and 17 secure on-site car spaces
• Sought-after North Melbourne location within proximity to an array of world-class amenity including some of Melbourne’s best cafes, restaurants and retailers
• Walking distance to Melbourne University, the new Peter MacCallum Cancer Centre, Melbourne Metro Rail and the nearby Queen Victoria Market, set to rapidly stimulate the precinct with a $250m renewal
• An extremely rare opportunity in one of Melbourne’s hottest suburbs, not to be missed
*figures are approximate.
FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST, CLOSING WEDNESDAY 6TH DECEMBER 12PM.
To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents.
Oliver Hay +61 419 528 540
Daniel Wolman +61 412 957 839
Guy Wells +61 405 612 416
