72-74 BOURKE STREET, MELBOURNE CBD
Savills is delighted to offer for sale this remarkable freehold CBD retail investment, located at 72-74 Bourke Street, Melbourne.
Situated in the prized east-end of Melbourne’s CBD and leased to long term tenant, “Bottega” restaurant, this premium property is ideally positioned between two Melbourne icons; Grossi Florentino and Pellegrini’s. Boasting a prime location, high profile tenant and very strong growth prospects, we strongly recommend this ideal CBD investment.
The key attributes of the property include:
A magnificent 2-level building in immaculate condition
Renewed 5+5+5 year lease to Melbourne institution “Bottega” Restaurant
Bottega has been in occupation since 2002
Net Rental: $211,940 per annum* (as at 13 May 2018)
Wide Bourke Street frontage of 8m* with 2nd street frontage to Mornane Place
Valuable landholding of 198sq m*
Significant future rental and development upside potential
Perfectly positioned between Melbourne icons; Grossi Florentino and Pellegrini’s
An incredible location within the 24-hour district of Melbourne’s East End
An extremely rare CBD freehold investment opportunity!
72-74 Bourke Street, Melbourne is For Sale by Expressions of Interest closing Wednesday 9 May at 2pm.