Shop 1/245 Franklin Street Melbourne VIC 3000

Hotel, Motel, Pub & Leisure
53 m²
Sold, $800,000

NEW CBD INVESTMENT - SOLD AT AUCTION

SOLD AT AUCTION Friday 2nd May 2014 at 12:30pm on site.

Outstanding opportunity to purchase a securely tenanted investment in thriving Northern CBD precinct.

Additional features include:

• Rental return: $44,000 p.a. net*
• Brand new 5 year lease
• Further terms: 5 + 5 + 5 years
• Rental increases annually
• 1 on site undercover car park (Leasehold)
• Building Area: 53sqm*
• Expansive cafe fit-out by tenant
• Part of the Infinity8 development, servicing over 300 apartments
• Opposite Queen Victoria Market redevelopment

*approx

For all you Industrial, Commercial & Retail needs contact ICR Property Group

Guy Naselli – 0413 750 744

Raff De Luise – 0418 533 633

AUCTION

Auction date and time	02/05/2014 12:30
Auction location	Ask Agent

Property Highlights

Date Sold	2 May 2014
Sold Price	$800,000
Floor Area	53 m²
Land Area	53 m²
Parking	1 x Onsite parking
Property ID	2011026588
Category	Hotel, Motel, Pub & Leisure Offices Shop & Retail
Last updated	22 May 2014

Map for Shop 1/245 Franklin Street Melbourne VIC 3000

Property Highlights

Date Sold	2 May 2014
Sold Price	$800,000
Floor Area	53 m²
Land Area	53 m²
Parking	1 x Onsite parking
Property ID	2011026588
Category	Hotel, Motel, Pub & Leisure Offices Shop & Retail
Last updated	22 May 2014