268 Unley Road Hyde Park offers a Landmark retail premises with a new 7 plus 7 year lease which commenced in May 2013 and should provide investors with a long term investment returns.
The building was purpose built to accommodate Xile which required an iconic building in which to showcase its high end fashion offering which includes well known labels such as Georgio Armani, Zegna, Dolce & Gabbana, Valentino amongst other leading global brands.

Superbly located within the heart of Unley Road’s “high street” shopping and fashion precinct, Xile at 268 Unley Road Hyde Park occupies a landmark corner position on the south western corner of Unley Road and Park Street, adjacent The Metro Centre and a range of fashion, restaurant, café, banking and general retail establishments.

Imposing improvements of approximately 271sqm are of solid construction and boast a very tall sandstone coloured façade to both Unley Road and Park Street with tall quoined feature windows and ornate steel grille entry to the corner. To the rear of the building along Park Street is a travel agency who have sub leased the accommodation from XILE for many years.
To the rear with frontage to Park Street is a fully bitumen sealed and landscaped car parking area for 8 cars.

New 7 + 7 year leased to long standing tenant, Xile (Sago Trading Pty Ltd) with annual rent increases of 4% and market at lease renewal.. Total net income - circa $158,000 p.a.

Site area of 473 sqm (approx) with frontages to Unley Road of 7.44 metres, Unley Road /Park Street corner of 6.07 metres and Park Street of 36.27 metres.

268 Unley Road Hyde Park is offered for Sale by Auction to be held on site, 11.00 am Thursday 20th June 2013.

They don’t get much better than this, we highly recommend it.

Inspections are strictly by appointment only.