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Shop 9, 1 Queens Road Melbourne VIC 3000

  • Shop & Retail
  • 11 m²
  • Expressions of Interest

AFFORDABLE RETAIL INVESTMENT

  • 5x5 YEAR LEASE TO EXPERIENCED OPERATOR
  • LOCATED IN 15-LEVEL OFFICE BUILDING
  • ATTRACTIVE NET YIELD ON OFFER

Colliers International is pleased to present for sale an outstanding entry level retail investment at the base of one of Melbournes most renowned city fringe office towers overlooking Albert Park Lake.

Shop 9, 1 Queens Road comprises the following key attributes:

- Ground floor retail investment located within the iconic St Kilda Road Towers building;

- Leased to longstanding tenant, Sweet Chilli Thai;

- Renewed 5-year lease with estimated current net income of $49,703 p.a. + GST + Outgoings plus one further option of 5-years;

- Fixed 3.00% annual rental increases;

- Located within 15-level commercial office building housing in excess of 2,500 occupants*;

- Set to benefit enormously from the future construction of Anzac Train Station.

Colliers International strongly recommends this rare opportunity for your serious consideration.

(*approx.)

EXPRESSION OF INTEREST

Closing date and time30/07/2020 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent

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Property Highlights

Property ID2016344324
Floor Area11 m²
Land AreaAsk Agent
ParkingOn street parking
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  1 Jul 2020
Map for Shop 9, 1 Queens Road Melbourne VIC 3000
Map for Shop 9, 1 Queens Road Melbourne VIC 3000Shop 9, 1 Queens Road Melbourne VIC 3000
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