Shop 24, 1 Queens Road,
Melbourne, VIC 3004

Shops & Retail

Key property information

Floor area

Property extent

Tenure type

Sold on

Map of Shop 24, 1 Queens Road

Directions

Affordable Retail Investment

Tightly held retail location
Long term lease
Attractive net yield

Savills is pleased to present the opportunity to purchase Shop 24, 1 Queens Road for Immediate Private Sale.

Key attributes of this fantastic property are:

- Outstanding ground level retail investment
- 7 year lease from 1 May 2010 with 5 x 7 year options
- Very strongly performing tenant
- Net rental: $44,834 per annum + outgoings & GST
- Fixed annual 4% rental growth
- Tenant pays all outgoings
- An ideal retail location at the base of a major office building housing over 2,000 workers, and a huge surrounding office population
- A very tightly held location with few opportunities to purchase and zero vacancy

This fantastic retail investment property is for Immediate Private Sale.

Please contact Jesse Radisich (0402 085 702) at Savills for further information.

Melbourne, 3004 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