Exceptional Corner Retail With Dual Tenancies

Shops 1 & 2, 487-497 Flinders Lane, Melbourne, Victoria 3000

Retail For Sale

Auction. Date 23 Mar 2016
Floor Area: 235.00 m2.    

Description

Colliers International is please to present the opportunity to purchase Shops 1 & 2, 487-497 Flinders Lane with the following key attributes;

- Two large shops on a CBD corner with extensive street frontage onto Flinders Lane
- Surrounded by high-density residential and commercial developments including the newly refurbished Rialto, fully leased 567 Collins Street, Collins Tower and Cbus Property’s $1.25 billion development at 447 Collins Street
- Combined Net Lettable Area of 235m²*
- Net Income of $171,894* per annum plus GST and Outgoings
- Future upside with potential to subdivide in to multiple tenancies (STCA)
- Surrounded by Melbourne's biggest tourist attractions including the Melbourne Aquarium, Southgate and Crown Casino Entertainment Precinct, this CBD retail asset has all the right attributes
- Close proximity to public transport including major train terminals at Southern Cross and Flinders Street Railway Stations, as well as tram services along Collins, Flinders and Spencer Streets
- Exceptional opportunity to acquire two retail shops in a rapidly growing pocket of the CBD

For Sale by Public Auction Wednesday 23rd March 2016, at 1.00pm On-Site.

To arrange an inspection or for more information please contact the Colliers International Melbourne City Sales team as the exclusive selling agents

*Approx.

Features

  • Affordable CBD retail opportunity
  • Future subdivision potential (STCA)
  • Ulitmate flexibility with two tenants

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