273 LITTLE LONSDALE STREET, MELBOURNE
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 this property 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.
For Sale by Auction on Friday 12 April at 12noon on-site.