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273 Little Lonsdale Street, MELBOURNE VIC, 3000

Sold
https://dduaaywsz-res-5.cloudinary.com/image/upload/v1576105817/ljpsfd6rr1fda52pfgfp.jpg

Property Sold in 273 Little Lonsdale Street, MELBOURNE VIC, 3000

Listing ID:
11339424
Status:
Sold
Last Updated:
12/12/2019
Price:
SOLD
Icon building

Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

58 SQM
Icon parking

Parking

N/A

Central CBD Retail Investment

Savills is delighted to offer for sale this premium retail investment opportunity at 273 Little Lonsdale Street, Melbourne. This corner retail property is ideally located within the centre of the Melbourne CBD 24-hour retail precinct, and provides significant rental upside value.

The key attributes of the investment opportunity include:

- Spacious corner retail property with a wide street frontage
- 5 year lease from 10/10/15 with one 5 year option
- Current net rental of $86,254 per annum* offering significant rental upside
- Fixed annual 4% rental increases
- A remarkable 24 hour retail precinct alongside Melbourne Central, Emporium and QV Melbourne
- Unrivalled opportunity in Melbourne’s most active and sought after retail location

The opportunity to secure a premium investment property in such a central CBD location is extremely rare, especially when you consider the strong rental demand and capital growth within the CBD precinct. Accordingly, the property will be actively sought after by investors.

*Approx.

Savills Agents:

Julian Heatherich: 0412 995 655
jheatherich@savills.com.au

Clinton Baxter: 0413 569 888
cbaxter@savills.com.au

Benson Zhou: 0458 488 888
bzhou@savills.com.au

For more details, please email agent

Savills Melbourne

Level 29, South Tower, 80 Collins Street, , Melbourne, VIC 3000


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