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Colliers International - Melbourne
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Shop 3, 48 Bourke Street Melbourne, VIC 3000

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For Sale - Expression of Interest closing Fri 29 Mar

Shop 3, 48 Bourke Street Melbourne, VIC 3000

Shop & Retail
Sale Price

Contact Agent

Floor area

80.0m²

Expression of Interest

Closing

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Rare CBD Retail Investment in Melbourne's East End

  • PRIME EAST END LOCATION
  • SUPERB ENTRY LEVEL RETAIL INVESTMENT
  • FIXED ANNUAL INCREASES

Shop 3, 48 Bourke Street presents an opportunity to acquire a ground floor retail investment in the famed and sought-after Bourke Hill Precinct. Rarely do such prime retail assets of this nature come to market.

Further attributes include:

- Prominent ground floor retail investment within a corner mixed use complex including 8 retail shops and 28 residents

- Prime position situated on the corner of Bourke and Liverpool Streets with close connection to Chinatown adding to the extensive pedestrian traffic

- Expansive tenancy of approximately 80m² suiting a variety of uses

- Fully leased to massage therapy operator ‘Golden Star Massage’ on a ten (10) year lease which commenced May 2012 with two (2) further terms of five (5) years each

- Future rental growth with fixed annual increases of 3.5%

- Annual Net Income of $73,555* plus GST & Outgoings (as at 1 May 2019)

- Perfect entry level CBD retail investment suited to SMSF and astute commercial investors

- Surrounded by Melbourne CBD’s most lively and exciting laneways which provide exceptional exposure to some of our city’s most highly regarded cafés, restaurants and bars including Punch Lane, Longrain, Grossi Florentino, Spring Street Grocer and Siglo

- Convenient location benefiting from excellent access to public transport including Parliament Train Station and major tram routes along Collins and Spring Streets

* Approximate

For Sale by International Expressions of Interest (EOI) Closing Friday 29th March 2019 at 12.00pm AEDT

To arrange an inspection or for more information please contact the Colliers International Melbourne City Sales team as the exclusive selling agents:

Chris Ling +61 419 294 346

Anthony Kirwan +61 431 952 430

David Sia 谢忠佑 +61 430 111 223

Oliver Hay +61 419 528 540

Property ID: 503115130Last Updated: 15 Mar 2019

Colliers International - Melbourne
Shop 3, 48 Bourke Street
Melbourne, VIC 3000
Anthony Kirwan
David Sia 谢忠佑
Chris Ling
Oliver Hay

Colliers International - Melbourne

Level 30, 367 Collins Street
MELBOURNE, VIC 3000

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Colliers International - Melbourne

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Colliers International - Melbourne

Level 30, 367 Collins Street
MELBOURNE, VIC 3000
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Anthony Kirwan

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Anthony Kirwan
Colliers International - Melbourne
Shop 3, 48 Bourke Street Melbourne, VIC 3000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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