PRIME CBD FRINGE RETAIL INVESTMENT

Shops 2 & 3 431, Melbourne, Victoria 3004

Retail For Sale

Expressions of Interest. EOI Date 5 Jun 2019
Floor Area: 85.00 m2.    

Description

‘Fawkner Express’ Shops 2 & 3, 431 St Kilda Road presents an opportunity to purchase a prominent ground floor retail investment in Fawkner Towers, an established and iconic St Kilda Road mixed-use development. Investment highlights include:

- Ground floor retail investment within Fawkner Towers, a 14-storey mixed use development consisting three (3) levels of commercial offices including eight (8) retail shops and 11-level residential tower
- Prime position situated on the corner of St Kilda Road and Slater Street, surrounded by established commercial and residential developments, providing high levels of pedestrian traffic
- Expansive tenancy of approximately 85m²*
- Two (2) car parks on title
- Fully leased to convenience store operator ‘Fawkner Express’ on a five (5) year lease which commenced October 2017 with two (2) further terms of five (5) years each
- Future rental growth with fixed annual increases of 4%
- Net annual income of approximately $83,200* plus GST and Outgoings
- Surrounded by world class commercial and residential towers as well as public parks and tourist destinations including Royal Botanic Gardens, as well as The Arts Centre Melbourne and National Gallery of Victoria
- Excellent arterial connectivity with easy access from City Link, Kings Way and within close proximity to Bayside suburbs of Melbourne
- Well-serviced by public transport with tram routes on the doorstep to the property, also set to benefit from the upcoming/under construction Anzac Train Station at Domain Interchange

* Approximate

For Sale by International Expressions of Interest (EOI) Closing Wednesday 5th June 2019 at 12.00pm AEST

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

Oliver Hay +61 419 528 540

Anthony Kirwan +61 431 952 430

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

Features

  • PROMINENT ST KILDA RD RETAIL INVESTMENT
  • FULLY LEASED WITH FURTHER RENTAL GROWTH
  • TWO (2) CAR PARKS

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