PRIME CENTRAL MELBOURNE CBD RETAIL INVESTMENT

Shop 3, 115 Swanston Street, Melbourne, Victoria 3000

Retail For Sale

Auction. Date 15 Aug 2019
Floor Area: 29.00 m2.    

Description

Shop 3, 115 Swanston Street presents a rare opportunity to acquire an affordable retail investment in the heart of the Melbourne CBD Retail Core. Key property attributes include:

- Prominent retail investment with dual access and frontages

- Located within Melbourne CBD’s coveted Retail Core, the property benefits from high levels of pedestrian traffic along Swanston Street with additional access from Little Collins Street. Over 40,000* pedestrians walk past this intersection daily

- Hospitality tenancy of approximately 29m²* benefitting from outdoor seating and complimentary food and retail outlets
- Fully leased to 30ML Coffee on a 7-year lease which commenced May 2016 with two (2) further terms of five (5) years each

- Net annual income of approximately $56,387.52* plus GST & Outgoings with fixed annual increases of 4%

- The property is surrounded by numerous commercial and residential towers as well as tourist attractions including Melbourne Town Hall, The Block Arcade and The Bourke Street Mall

- Melbourne is set to overtake Sydney as the nation’s most densely populated city by 2026. Australia’s current population sits at approximately 24 million and is expected to reach 49 million by 2066*

- With over 9.3 million visitors to the country annually, Melbourne’s tourism industry continues to grow year-on-year. Total visitor spend in 2018 was $44.3bn

- Convenient location benefiting from excellent access to public transport including Flinders Street Station and major tram routes along Collins and Swanston Streets

- Perfect CBD retail investment suited to investors, both local and offshore, as well as first-time commercial entrants

* Approximate
** Source - https://destination.melbourne | https://www.abs.gov.au/

For Sale by International On-Site Public Auction on Thursday 15th August 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

Anthony Kirwan +61 431 952 430

Oliver Hay +61 419 528 540

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

Features

  • MODERN RETAIL INVESTMENT W DUAL ACCESS
  • HIGH PEDESTRIAN TRAFFIC FROM SWANSTON ST
  • FULLY LEASED WITH FIXED ANNUAL INCREASE

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