• Secure quality tenant
• High quality asset
• Long term potential
Offering 180 sqm* of high-quality retail floorspace (C1Z) over 3 separate titles, this excellent investment is now being offered to the market for sale after being recently leased on a 3-year term (plus options). The property is well serviced with all the essential amenities including air condition, toilets, rubbish refuse.
• 3-year lease expiring April 2022 + 1 x 3 year option
• Current gross rental $60,000 pa*
• Prominent Hoddle St corner frontage of 16.5* meters of commercial frontage, and along Gipps St an added 9* meters of commercial frontage within the Gipps Precinct.
• 3 separate titles
• Located on Hoddle street, the busiest transit route in Melbourne
• Major infrastructure and development projects earmarked or underway
Boasting a two-way average annual daily traffic volume of 78,000*, the property sits in a high exposure location with a view to strong future demand. Located in close proximity to the CBD, the Hoddle Street and Gipps Street activity area have characteristics of commercial, industrial and mixed uses.
From the corner of Gipps Street to Hoddle St the property offers a generous
With key local hubs including Collingwood town centre and library, Collingwood train station, and more, the area is also a location for high volume of foot traffic and commuters.
Several high-rise projects (up to 12 storey developments consisting of residential, commercial, and mixed use) currently being developed which will soon add upwards of 500 dwellings, 20+ storey's of new office space, 200+ hotel rooms, child-care centres and more to this location.
Major school development being earmarked by the government across the road on Hoddle Street along with several other major community projects.
To enquire please contact Steve on 0497 18 18 18
Building Area: Approx. 179 sqm*
Parking: 4 secure car stacker car parks
*VicRoads 2015 Traffic Data
For further information please don't hesitate to contact Steve on 0497 18 18 18
Commercial Real Estate Group – Setting the standards others follow!
For more details, please email agent