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High Yielding Retail Investment in Quickly growing West end of CBD - $700000

High Yielding Retail Investment in Quickly growing West end of CBD Picture
High Yielding Retail Investment in Quickly growing West end of CBD Picture
High Yielding Retail Investment in Quickly growing West end of CBD Picture
High Yielding Retail Investment in Quickly growing West end of CBD Picture
Click here to search '2024 local prices' for  Lot 39a 601 Little Collins Street, MELBOURNE, VIC, Australia, 3000

Description

* Strategic location in Little Collins, close to the new "The Age" headquarters, Southern Cross Railway Station * Opportunity for Capital growth as yields compress * Tenant has 5% annual rent increases; current net lease of $60,637.50 plus outgoings plus gst * 5 year lease with 5 year option * Security deposit equal to 6 months rent * Lease has 2 personal guarantors * 8% net return * Currently operating as "East Cafe" Please call Gideon Marcus 0423 560 045

Was for Sale

  • Publish Date: 19-10-2009 17:36:21
  • Contact name: Gideon Marcus
  • 56 times displayed
  • Location: Australia
  • Business: Teska & Carson
  • Status: sold
  • Price: $700000

Place: Lot 39a 601 Little Collins Street, MELBOURNE, VIC, Australia, 3000 Average Price in MELBOURNE ...