Commercial Ready Logo
Watch Watch
Your home of Commercial Ready videos
Watch Watch
Search
All Videos
Search
Grid
Back
Sold Check
Go to Home
Properties / Sold / Victoria / Melbourne
Save
Share
Sold

172-176 Little Bourke Street, Melbourne, VIC, 3000

Finance Calculator Jump
Get a financing strategy built for this asset
Indicative LVR, rate range and lender fit • Secure + No obligation
See my options
+9 Photos
/
Images
Close

172-176 Little Bourke Street, Melbourne, VIC, 3000

Melbourne

172-176 Little Bourke Street, Melbourne, VIC, 3000
×
Sold Check
+11 Photos
/

172-176 Little Bourke Street, Melbourne, VIC, 3000

Melbourne

SOLD
172-176 Little Bourke Street, Melbourne, VIC, 3000

172-176 Little Bourke Street, Melbourne, VIC, 3000

Properties / Sold / Victoria / Melbourne
Tenanted Investment
Selling Method
SOLD
Selling Details
Contact the Savills team Today
Land Area
175 m² (*approx)
Floor Area
321 m² (*approx)
Property Type
Retail, Offices
Sub-type
Strip Retail, Cafe/Restaurant, Whole Building
Terms
New 5+5 year lease
Est. Income
$202,362 p/a
Fully Leased
Chuan Wazi Dumpling House
Show All
RARE CHINATOWN CORNER FREEHOLD WITHIN MELBOURNE CBD’S EAST-END
  • Long-term lease to proven tenant
  • Prominent Chinatown corner site
  • Rare Chinatown trophy opportunity

SOLD AT AUCTION

Savills has the exclusive privilege of offering For Sale by Public Auction this Chinatown trophy freehold investment with a new long-term lease.

 

Key attributes of the property include:

 

  • A 2-level (plus basement) corner retail freehold with NLA of 321sqm*
  • New 5+5 year lease to Chuan Wazi Dumpling House
  • Current Net Income: $202,362 per annum* + GST and Outgoings (land tax already deducted)
  • Triple street fronted landholding of 175sqm*
  • 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
  • First time offered for sale in 62 years
  • Melbourne’s most tightly held location, with only 8 Chinatown freehold properties transacted since 2013

 

*Approximate

 

To obtain further information or to arrange an inspection, please contact the selling agents:

 

Nick Peden - 0402 011 266

Tom O’Halloran - 0438 078 138

Read More
Tenanted Investment
Tenanted Investment

172-176 Little Bourke Street Investment Summary

Property Type
Retail, Offices
Sub-type
Strip Retail, Cafe/Restaurant, Whole Building
Est. Income
$202,362 p/a
Number Of Tenants
1
Tenant
Chuan Wazi Dumpling House
Terms
New 5+5 year lease
Land Area
175 m² (*approx)
Floor Area
321 m² (*approx)
Selling Method
SOLD
Selling Details
Contact the Savills team Today

Investment Highlights

RARE CHINATOWN CORNER FREEHOLD WITHIN MELBOURNE CBD’S EAST-END
  • Long-term lease to proven tenant
  • Prominent Chinatown corner site
  • Rare Chinatown trophy opportunity

SOLD AT AUCTION

Savills has the exclusive privilege of offering For Sale by Public Auction this Chinatown trophy freehold investment with a new long-term lease.

 

Key attributes of the property include:

 

  • A 2-level (plus basement) corner retail freehold with NLA of 321sqm*
  • New 5+5 year lease to Chuan Wazi Dumpling House
  • Current Net Income: $202,362 per annum* + GST and Outgoings (land tax already deducted)
  • Triple street fronted landholding of 175sqm*
  • 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
  • First time offered for sale in 62 years
  • Melbourne’s most tightly held location, with only 8 Chinatown freehold properties transacted since 2013

 

*Approximate

 

To obtain further information or to arrange an inspection, please contact the selling agents:

 

Nick Peden - 0402 011 266

Tom O’Halloran - 0438 078 138

Read More
Tenanted Investment
Nick Peden
Nick Peden
+61 *** *** *** show +61 402 011 266
Tom O’Halloran
Tom O’Halloran
+61 *** *** *** show +61 438 078 138

Download Development Site Report
Nick Peden
Nick Peden
+61 *** *** *** show +61 402 011 266
Tom O’Halloran
Tom O’Halloran
+61 *** *** *** show +61 438 078 138

Property Location of 172-176 Little Bourke Street, Melbourne, VIC, 3000

One moment please.

Retrieving map...

Melbourne Suburb Report About this data Demographic data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census and reflect conditions at the time of collection.

Powered by DistrictData

View Full Report – Dataroom

One moment please.

Retrieving suburb data...

+ More nearby suburbs – View dataroom

Finance Calculator

172-176 Little Bourke Street, Melbourne, VIC, 3000

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

Estimated Purchase Price $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report
172-176 Little Bourke Street, Melbourne, VIC, 3000 Melbourne
Savills Melbourne
Savills Melbourne
80, Collins Street, Melbourne, Victoria, Australia, 3000
View Agency Profile
Nick Peden
Nick Peden
+61 *** *** *** show +61 402 011 266
Tom O’Halloran
Tom O’Halloran
+61 *** *** *** show +61 438 078 138
calculator-icon Yield Calculator
calculator-icon Yield Calculator
calculator-icon
income-icon clear-icon
income-icon clear-icon
income-icon