AFFORDABLE EAST-END CBD RETAIL INVESTMENT

28 Coromandel Place, Melbourne, Victoria 3000

Retail For Sale

For Sale

Description

Colliers International is pleased to present the opportunity to purchase 28 Coromandel Place, Melbourne with the following key attributes:

- Corner East-End CBD retail opportunity on the ground floor of the new residential development, Metropolitan Apartments
- Centrally located laneway thoroughfare between vibrant Little Collins Street and busy Bourke Street
- High-end fashion retailer ‘LEFT’ with a net income of $112,125* p.a. over 115m²*
- 5 x 5 x 5 year lease terms with fixed 4% annual increases
- Within close proximity to lifestyle amenities such as QV, Melbourne Central, Emporium Melbourne, Chinatown, RMIT University and University of Melbourne
- Convenient access to public transport including Melbourne Central Station, and well-serviced by city tram routes on both Collins and Bourke Streets
- One of Melbourne’s four evolving laneways to be a part of the “Green Your Laneway” campaign, transforming Coromandel Place into a leafy, green and bustling Retail hub
- Multiple access and street frontage via Bourke Street and Coromandel Place

*Approximate value.

For Sale by On-Site Public Auction on Friday 22nd September at 12.30pm unless sold prior

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

Daniel Wolman +61 412 957 839
Oliver Hay +61 419 528 540
David Sia +61 430 111 223

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

Features

  • NEW 5 x 5 x 5 YEAR LEASE
  • DUAL STREET ACCESS
  • 4% FIXED ANNUAL INCREASES

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