Ground, 552 Lonsdale Street,
Melbourne, VIC 3000
Shops & Retail • Other
Key property information
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Property extent
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
03 9613 04...
Ground, 552 Lonsdale Street
Melbourne, VIC 3000
Map of Ground, 552 Lonsdale Street
HIGH PROFILE CORNER RETAIL INVESTMENT WITH RECENT 10-YEAR NET LEASE
- Recent 10-year net lease
- Leased to ‘Yoon’s Kitchen'
- Established ‘Little Korea’ precinct
CBRE Melbourne are delighted to present for sale a high profile corner retail investment located in the heart of the Melbourne CBD’s established ‘Little Korea’ precinct.
Offered to the market with a recent 10-year net lease to popular Korean restaurant ‘Yoon’s Kitchen, 552 Lonsdale Street can be summarised by the following features:
+ A high profile Melbourne CBD corner location on the corner of Lonsdale Street and Healeys Lane in the established and high trading ‘Little Korea’ precinct.
+ Offered with a recent 10-year net lease (exp-2032) with 3.5% fixed annual increases across 124 square metres*
+ High quality and recent new fit out, existing outdoor seating permit as well as a 12am liquor licence in place
+ High foot traffic location and high performing lunch and night time trade with short walking distance to William Street tram stop, Southern Cross Train Station and Flagstaff Train Station
+ High growth development precinct with three (3) landmark mixed-use developments worth over $1.5bn set to be delivered over the next 5 years within 500 metres* of the property
For further information or to arrange an inspection please contact the sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Offered to the market with a recent 10-year net lease to popular Korean restaurant ‘Yoon’s Kitchen, 552 Lonsdale Street can be summarised by the following features:
+ A high profile Melbourne CBD corner location on the corner of Lonsdale Street and Healeys Lane in the established and high trading ‘Little Korea’ precinct.
+ Offered with a recent 10-year net lease (exp-2032) with 3.5% fixed annual increases across 124 square metres*
+ High quality and recent new fit out, existing outdoor seating permit as well as a 12am liquor licence in place
+ High foot traffic location and high performing lunch and night time trade with short walking distance to William Street tram stop, Southern Cross Train Station and Flagstaff Train Station
+ High growth development precinct with three (3) landmark mixed-use developments worth over $1.5bn set to be delivered over the next 5 years within 500 metres* of the property
For further information or to arrange an inspection please contact the sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Melbourne, 3000 demographic data
The median household income for Melbourne is $1,448, 24% lower than Greater Melbourne's household income of $1,901. Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 29 vs 37). Property ownership data shows 47% of property owners in Melbourne have a mortgage.
54,941
Population
$1,448 per week
Median household income
29 years
Median age
Renters
Most residents
Singles
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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