A incredibly rare opportunity to benefit from the certainty of a renewed 10 year lease to a hospitality institution underpinned by significant land and improvements in Melbourne’s premier dining and nightlife retail strip.
+ 390 sq m freehold land holding.
+ Melbourne’s premier dining and nightlife precinct.
+ Brand new 10 year lease to existing hospitality operator trading as “The Holy Grail”.
+ Rental income $144,470 per annum plus GST & outgoings with fixed rental increases of 3% pa.
+ High quality fit out completed by the tenant.
+ Future long term value-add / redevelopment potential (STPA)
+ Outstanding opportunity to secure a set-and-forget freehold investment in a premier Central Melbourne location.
For sale by expression of interest closing Wednesday 21st July at 3pm.
* denotes approx.
For further information on this sale, contact the exclusive selling agents.
^Note in conjunction with Sutherland Farrelly.