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Prime Retail Investment Leased to ASX Listed Tenant

Shop 5 - 33 Flemington Road, NORTH MELBOURNE VIC, 3051

Sold

Property Sold in Shop 5 - 33 Flemington Road, NORTH MELBOURNE VIC, 3051

Listing ID:
11353356
Status:
Sold
Last Updated:
12/12/2019
Icon building

Property Type

Retail
Icon square

Land Area

N/A
Icon size

Floor Area

120 SQM
Icon parking

Parking

N/A

Prime Retail Investment Leased to ASX Listed Tenant

Savills Melbourne is delighted to offer for sale this brand new retail investment located within one of Melbourne’s most highly sought after city-fringe suburbs of North Melbourne. The property is occupied by an ASX Listed tenant which enjoyed approximately $2.6billion in turnover last financial year (ASX:DMP).

The key attributes of this exceptional city-fringe opportunity includes:

- 120sq m* retail property with huge frontage
- Fully Leased to ASX Listed ‘Domino’s Pizza Enterprises Limited’ (Market Capitalisation: $3.32billion*)
- 8+5+5 year lease from October 2017
- Net Rental: $72,800 per annum*
- 4% fixed annual increases
- Exceptional opportunity with strong growth potential!
- Perfectly positioned within immediate proximity to Melbourne’s major hospital precinct, University of Melbourne, RMIT Village and Queen Victoria Market

Shop 5 is For Sale by Auction on Wednesday 7 August from 12 noon on-site (also for sale is Shop 3, 33 Flemington Road).

*Approx

Jesse Radisich – 0402 085 702
Clinton Baxter – 0413 569 888
Yvonne Zhou – 0415 100 831
Tim Carr – 0415 767 916

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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