INNER-CITY BLUE-CHIP CORNER RETAIL INVESTMENT LEASED TO NATIONAL TENANT

601 Victoria Street, Abbotsford, Victoria 3067

Retail For Sale

Expressions of Interest. EOI Date 22 Aug 2019
Floor Area: 1,163.00 m2.    

Description

‘First Choice Liquor’ 601 Victoria Street, Abbotsford presents an exciting opportunity to acquire a blue-chip retail investment with the following key property attributes:

- Highly exposed and dominant retail investment with substantial dual frontages (51.6m* to Victoria Street and 23.7m* to Grovesnor Street) and multiple access points
- Located on the northern side of Victoria Street, between Grovesnor Street and Flockhart Street, approximately 4km* east of the Melbourne CBD
- Strategically bordering numerous residential developments and sits within one of Melbourne’s busiest cosmopolitan areas within walking distance to Victoria Gardens
- Fully leased to blue-chip national tenants ‘First Choice Liquor’ with a net rental income of approximately $424,180 plus GST and Outgoings plus opportunity for turnover rent
- Leased on a ten (10) year term, commencing in August 2013 with four (4) further terms of five (5) years each
- The ground floor retail asset is situated at the base of an eleven-storey mixed-use development, which consists of 466 sophisticated, boutique-style apartments, café, on-site childcare centre, as well as a 20-metre heated swimming pool and fully equipped gymnasium
- 38 secure car parks available
- Serviced by Victoria Street trams, providing immediate access to the Melbourne CBD and South-Eastern Suburbs
- Within 500m* of Victoria Gardens Shopping Centre, anchored by Ikea, Coles Supermarket and Village Cinemas

* Approximate

For Sale by International Expressions of Interest (EOI) Closing Thursday 22nd August 2019 at 12.00pm AEST

To arrange an inspection or for more information please contact Colliers International & Jones Real Estate team as the conjunctional selling agents:

Collins International
Oliver Hay +61 419 528 540

Chris Ling +61 419 294 346

Ted Dwyer +61 411 312 165

Jones Real Estate
Paul Jones +61 488 779 749

Tim Spargo +61 402 747 030

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

Features

  • LEASED TO BLUE-CHIP NATIONAL TENANT
  • SENSATIONAL LOCATION IN ABBOTSFORD
  • SUBSTANTIAL DUAL FRONTAGES
  • MAIN ROAD EXPOSURE

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.