72-74 BOURKE STREET, MELBOURNE CBD

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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.

*Approx.

 

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