Rare CBD Retail Investment in Melbourne's East End

Shop 3, 48 Bourke Street, Melbourne, Victoria 3000

Retail For Sale

Expressions of Interest. EOI Date 29 Mar 2019
Floor Area: 80.00 m2.    

Description

Shop 3, 48 Bourke Street presents an opportunity to acquire a ground floor retail investment in the famed and sought-after Bourke Hill Precinct. Rarely do such prime retail assets of this nature come to market.

Further attributes include:

- Prominent ground floor retail investment within a corner mixed use complex including 8 retail shops and 28 residents
- Prime position situated on the corner of Bourke and Liverpool Streets with close connection to Chinatown adding to the extensive pedestrian traffic
- Expansive tenancy of approximately 80m² suiting a variety of uses
- Fully leased to massage therapy operator ‘Golden Star Massage’ on a ten (10) year lease which commenced May 2012 with two (2) further terms of five (5) years each
- Future rental growth with fixed annual increases of 3.5%
- Annual Net Income of $73,755* plus GST & Outgoings (as at 1 May 2019)
- Perfect entry level CBD retail investment suited to SMSF and astute commercial investors
- Surrounded by Melbourne CBD’s most lively and exciting laneways which provide exceptional exposure to some of our city’s most highly regarded cafés, restaurants and bars including Punch Lane, Longrain, Grossi Florentino, Spring Street Grocer and Siglo
- Convenient location benefiting from excellent access to public transport including Parliament Train Station and major tram routes along Collins and Spring Streets

* Approximate

For Sale by International Expressions of Interest (EOI) Closing Friday 29th March 2019 at 12.00pm AEDT

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

Chris Ling +61 419 294 346

Anthony Kirwan +61 431 952 430

David Sia 谢忠佑 +61 430 111 223

Oliver Hay +61 419 528 540

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

Features

  • PRIME EAST END LOCATION
  • SUPERB ENTRY LEVEL RETAIL INVESTMENT
  • FIXED ANNUAL INCREASES

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