Emmetts completed the lease of a flagship corner retail building following a public lease marketing campaign that generated significant interest from a range of multi-sector retailers. The successful operators was Rustica Sourdough who signed a straight 10 year lease.

Retail Investment, Development Sites, Investment Services

Property:

Situated on Chapel Street, South Yarra in the heart of one of Central Melbourne’s most distinguished neighbourhoods, the property comprised three adjoining retail freehold buildings on a significant landholding providing development potential.

Leasing considerations included:

+ Flagship corner retail building of 434 sq m*

+ Located directly opposite Jam Factory entertainment complex

+ Combined frontage of 50 metres*

+ Affluent trade catchment undergoing significant population growth facilitated by high density residential developments in addition a significant pipeline of office and hotel development activity.

* denotes approx.

For further information on this transaction, contact the agents.