*LAST SOLD 73 YEARS AGO!
*NEW 5+5+5 YEAR LEASE WITH A HISTORY OF NO VACANCY
Savills and Teska Carson have the privilege of offering for sale this Chinatown trophy freehold investment with a new long-term lease.
Key details of the opportunity include:
• A 3-level retail freehold with NLA of 340sqm*
• New 5+5+5 year lease to FAD Gallery Bar who has been in occupation since 1995
• Current Net Income: $180,000 per annum* + GST and Outgoings
• Significant rental upside potential
• Situated in the heart of Chinatown within Melbourne CBD’s East-End, which enjoys Melbourne’s lowest retail vacancy
• Located within the true 24-hour retail core of Melbourne’s CBD
• Chinatown enjoys the lowest vacancy of any CBD precinct!
• First time sold in 73 years
• Melbourne’s most tightly held location, with only 10 Chinatown freehold properties transacted since 2013
*Approx.
For Sale by Public Auction on Thursday 3 December at 12:30pm on-site.
To obtain further information or to arrange an inspection, please contact the selling agents
Remember to mention you found this property on CommercialReady
*LAST SOLD 73 YEARS AGO!
*NEW 5+5+5 YEAR LEASE WITH A HISTORY OF NO VACANCY
Savills and Teska Carson have the privilege of offering for sale this Chinatown trophy freehold investment with a new long-term lease.
Key details of the opportunity include:
• A 3-level retail freehold with NLA of 340sqm*
• New 5+5+5 year lease to FAD Gallery Bar who has been in occupation since 1995
• Current Net Income: $180,000 per annum* + GST and Outgoings
• Significant rental upside potential
• Situated in the heart of Chinatown within Melbourne CBD’s East-End, which enjoys Melbourne’s lowest retail vacancy
• Located within the true 24-hour retail core of Melbourne’s CBD
• Chinatown enjoys the lowest vacancy of any CBD precinct!
• First time sold in 73 years
• Melbourne’s most tightly held location, with only 10 Chinatown freehold properties transacted since 2013
*Approx.
For Sale by Public Auction on Thursday 3 December at 12:30pm on-site.
To obtain further information or to arrange an inspection, please contact the selling agents
Remember to mention you found this property on CommercialReady
12-14 Corrs Lane, Melbourne VIC 3000
Step 1
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Loan Analysis