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Aldi, 8 Franklin Street Melbourne VIC 3000

  • Retail
  • 1,650 m²
  • Commercial Auction

A PRIME CBD SUPERMARKET INVESTMENT WITH UPSIDE

Colliers International are proud to offer for sale Aldi, 8 Franklin Street, Melbourne.

A high exposure, CBD retail investment situated on the ground floor of the Verve and Milano twin-tower development, comprising 46 and 36 levels respectively corner Swanston Street and Franklin Street

Boasting 25m* of prime frontage along Franklin Street and an expansive floor area of 1,650m²*

Securely leased to global powerhouse, Aldi which has over 10,000* stores locations worldwide

Fully leased until 23 February 2026 with a passing income of $540,683*^ ($328/m²*) representing significant rental upside

44 car parks on-title presenting a long-term future opportunity for an additional income stream

One of Australias most densely populated pockets, driven by the immediate synergies with RMIT University, The University of Melbourne, The Queen Victoria Market, Melbournes medical precinct and the Melbourne Metro Tunnel project

Super prime, northern corridor locality where the unparalleled growth is underpinned by countless student accommodation, hotel, residential and commercial high-rise developments

Direct access to public transport including the future CBD North Metro Station, Melbourne Central Station and tram routes along Elizabeth Street and Swanston Street

A once in a lifetime opportunity to purchase a CBD supermarket investment in Melbournes fastest growing precinct

* Approx

FOR SALE BY ON-SITE PUBLIC AUCTION ON THURSDAY 14 NOVEMBER 2019 AT 12.00PM

For further information or to arrange an inspection of the property please contact Colliers International as the exclusive selling agents.
Oliver Hay +61 419 528 540
Daniel Wolman +61 412 957 839
Chris Ling +61 419 294 346
David Sia +61 430 111 223

This property is proudly marketed by the Melbourne City Sales team (MCS).

Auction date and time14/11/2019 12:00
Auction locationAldi, 8 Franklin Street, Melbourne

Property Highlights

Property ID2015742335
Floor Area1,650 m²
Land Area1,650 m²
Parking44 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  11 Oct 2019
Map for Aldi, 8 Franklin Street Melbourne VIC 3000
Colliers International (Victoria)
Level 30 367 Collins Street Melbourne VIC 3000

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