Property Details

  • Contact Agent
  • Retail
  • 340 sqm
  • 163 sqm

Agent Details

Stephen Speck

Associate Director - Agency

T 0404 893 142

M 0404 893 142

Email Agent

Adrian Boutsakis

Director

T 0433 138 768

M 0433 138 768

Email Agent

12-14 Corrs Lane, Melbourne

CENTRAL CHINATOWN FREEHOLD WITHIN MELBOURNE CBD’S EAST-END
*LAST SOLD 73 YEARS AGO!

*NEW 5+5+5 YEAR LEASE WITH A HISTORY OF NO VACANCY

Teska Carson and Savills have the privilege of offering for sale this Chinatown trophy freehold investment with a new long-term lease.

Key details of the opportunity include:

• A 3-level retail freehold with NLA of 340sqm*
• New 5+5+5 year lease to FAD Gallery Bar who has been in occupation since 1995
• Current Net Income: $180,000 per annum* + GST and Outgoings 
• Significant rental upside potential 
• Situated in the heart of Chinatown within Melbourne CBD’s East-End, which enjoys Melbourne’s lowest retail vacancy 
• Located within the true 24-hour retail core of Melbourne’s CBD 
• Chinatown enjoys the lowest vacancy of any CBD precinct!
• First time sold in 73 years
• Melbourne’s most tightly held location, with only 10 Chinatown freehold properties transacted since 2013

*Approx.

For Sale by Public Auction on Thursday 3 December at 12:30pm on-site.

To obtain further information or to arrange an inspection, please contact the selling agents