Fitzroys is delighted to offer for sale this trophy retail investment located in the highly sought after and popular shopping strip of Albert Park Village.
This high-profile opportunity provides investors with the rare chance to acquire a sought-after investment with the benefit of a long-term lease to one of Melbourne's leading independent grocers – Gum Tree Good Food.
The key attributes of this opportunity include:
- Situated in the highly desirable Albert Park Village shopping precinct – one of Melbourne’s best shopping strips known for its long history of low vacancies and strong rental levels.
- Substantial ground floor retail showroom with basement accessed via internal staircase and goods lift – totalling 348sqm*
- New 7 + 7 + 7 year lease to well-established tenant Gum Tree Good Food – est. 2009
- Fixed annual increases
- Ultra-low Land Tax exposure
- Three (3) car spaces on title
- Super prime position between Montague Street roundabout and Faussett Street, perfectly set back behind Dundas Place Reserve.
- Strong foot traffic precinct and located amongst other leading national/local retailers and venues including Albert Park Hotel, MECCA (new flagship under construction), Dundas Faussett, Husk, Country Road, Woolworths, Pony Boy, Neds Bake, Flannel, Laurent and more.
- Abundance of public car parking available and underpinned by excellent transport services and a strong local demographic.
87-89 Dundas Place, Albert Park presents an outstanding opportunity to acquire a sought-after retail investment providing the successful purchaser a trophy investment within a premier shopping strip.
*Approx.
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