Investment considerations include:
+ Irreplaceable freehold land of 400 sq m*
+ Wide dual street frontages to both Chapel Street and Cato Street.
+ Leased to Commonwealth Bank of Australia with rare fixed rental increases through to 2028^
+ Modern banking premises with tenant fit out completed in 2015
+ Absolute prime trading position, immediately surrounded by Australia’s leading national retailers including Coles, Liquorland, Dan Murphy’s, Priceline, Rebel Sport, JB Hi Fi and Kathmandu.
+ Surrounded by 2,500 shopper car parks in addition to multiple forms of public transport (rail, tram and bus).
+ Medium density Central Melbourne location with enormous future growth potential.
+ Long term redevelopment and / or value-add potential.
The property is offered for sale by Expressions of Interest, alongside adjoining 299-301 Chapel Street, Prahran which is leased to Priceline Pharmacy, with expressions of interest closing 26th November at 3pm. Interested parties are invited to express interest in buying the properties separately or together.
* denotes approx.
^ denotes subject to exercise of option
For further information on this sale, contact the exclusive selling agents.