180-188 Burnley Street,
Richmond, VIC 3121
Key property information
Map of 180-188 Burnley Street
Richmond’s Best Landbank Investment – Leased to AAPT until 2022
- Fully leased to AAPT until 28 June 2022
- Current Rent $2,262,791 pa (approx.)
- Site area 4,694m²*, 3 street frontages
The property will suit both investors and developers seeking a medium term secure income from a high calibre tenant with longer term development upside.
180-188 Burnley Street, Richmond is securely leased to AAPT Limited who is Australia’s third largest land line telecommunications company and is owned by the ASX listed company TPG Telecom Limited. The property is fully leased to AAPT Limited until the 28th June 2022 plus one further 3 year option and the current net rent is $2,262,791 per annum, including a fitout rent of $432,101 per annum.
The property has significant underlying land value as this rare and remarkable inner city parcel of land enjoys three street frontages and a total site area of 4,694m²*. Long term development potential is assured, subject to Council approval.
The property is located less than 40 metres from iconic Bridge Road and approximately 3 kilometres east of the CBD in Melbourne’s trendiest and most highly sought after inner city suburb of Richmond.
Main Property Attributes:
• Net Lettable Area – 5,557.4m²*
• Large site area of 4,694m²* with 3 street frontages
• Fully leased to AAPT Limited until 28th June 2022 plus a 3 year option
• Current Rent $2,262,791 pa* including fitout rent of $432,101 pa*
• 118 on-site car spaces
• Nabers Rating 0 Stars
Colliers International strongly recommends this outstanding inner city commercial investment for your serious consideration. Should you wish to arrange an inspection, please contact the exclusive selling Agents, Colliers International.
Property ID: 501682721Last Updated: 16 Nov 2017