Watch Watch
Back
×
Sold Check
+20 Photos
87-89 Dundas Place, Albert Park, VIC, 3206

2. Property Highlights

Albert Park Trophy Supermarket Investment
  • New 7 + 7 + 7 Year Lease
  • Super Prime Albert Park Village Location

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.

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

87-89 Dundas Place, Albert Park, VIC, 3206

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
87-89 Dundas Place, Albert Park, VIC, 3206 Albert Park
calculator-icon Yield Calculator
calcultor-icon Yield Calculator