EXPANSIVE GROUND FLOOR CORNER CBD RETAIL INVESTMENT WITH SUBSTANTIAL UPSIDE

Ground Floor, 430 Little Collins Street, Melbourne, Victoria 3000

Retail For Sale

Expressions of Interest. EOI Date 21 Aug 2019
Floor Area: 738.00 m2.    

Description

Colliers International is proud to offer For Sale the Ground Floor, 430 Little Collins Street with the following key attributes:

- High exposure corner CBD retail investment situated on the ground floor of Normanby Chambers boasting extensive frontage and retail exposure along Little Collins Street and New Chancery Lane

- State of the art hospitality venue comprising a title area of 540m²* plus 198m²* of exclusive common area (99 year lease), featuring high ceilings, commercial kitchen and modern fixtures and fittings

- The property comprises five titles providing the opportunity to subdivide and/or sell down in the future
- Diverse tenancy mix and income through Ike-Jime, Benny’s Burgers and Barista by Vue, all of which are owned and operated by Vue Group – a renowned Australian restaurant group founded by celebrated chef Shannon Bennett

- Fully leased until 30 June 2026 returning a substantial income of $496,705 per annum

- Future rental growth with fixed annual increases of 3.00%

- Super prime locality set to directly benefit from major commercial projects including Cbus Property’s $1.25 billion Collins Arch development and the landmark office project at 435 Bourke Street bringing an additional 113,000sqm of office accommodation

- 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*

- Convenient access to Flinders Street and Southern Cross Train Stations and major tram and bus links along Queen Street, William Street, Bourke Street and Collins Street

- A once in a lifetime opportunity to purchase a trophy CBD retail investment in Melbourne’s highly sought-after Financial Precinct

*Approximate

For Sale by Expressions of Interest Closing Wednesday 21st August at 12pm .

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

Oliver Hay +61 419 528 540

Chris Ling +61 419 294 346

Anthony Kirwan +61 431 952 430

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

Features

  • MULTIPLE TITLES ALLOWING FOR SUBDIVISION
  • FULLY LEASED TO ‘VUE GROUP'
  • HIGH FOOT TRAFFIC LOCATION

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