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

For Sale

Expressions of Interest 22nd Aug 2019 Level 30, 367 Collins Street, Melbourne
‘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).

Property Details

  • 12/05/2020
  • Contact our experts for details on this transaction