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Two Level Residential Freehold – Commercial Lease in Place

151-153 Hoddle Street, RICHMOND VIC, 3121

Sold

Property Sold in 151-153 Hoddle Street, RICHMOND VIC, 3121

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11245015
Status:
Sold
Price:
Price on Request
Last Updated:
19/03/2020
Icon building

Property Type

Hotel/Leisure/Land/Development/Retail
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Land Area

277 SQM
Icon size

Floor Area

382 SQM
Icon parking

Parking

N/A

Two Level Residential Freehold – Commercial Lease in Place

Secure 5 year lease to 2019 plus further options through to 2029
Thriving and reputable hostel since circa 1990 with excellent occupancy history and repeat international clientele
Annual fixed 3% increases
Lessee pays usual outgoings as per standard ‘commercial’ lease
Well maintained 382 sqm solid brick building over two levels
Recent improvements include new roof and upgrade to bathrooms
277 sqm corner site, with dual frontage of 38.91 metres
General Residential Zone (GRZ3)
Strategic inner city location close to all amenities - trains, trams etc and easy walk to Melbourne CBD
Rent: $122,003 pa (July 2017)

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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