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Fabulous Freehold with Enormous Upside
- Situated close to the iconic intersection of Smith and Gertrude Street at the gateway of Melbourne’s most sought after lifestyle and hospitality precinct.
- Substantial land area of 434sqm with impressive frontage and rear access of 10.95m
- Highly flexible commercial building only 1 km to the CBD.
- Leased to established Tenants including Mr Wows Emporium and Pixel Alley.
- Combined Rental: $184,000 per annum net plus GST with scope for further rental growth. -Zoned: Commercial 1 providing an excellent opportunity to value add/develop site upon expiration of leases – Circa Jan 2023. -Exceptional transport amenities available with the 86 Tram stop opposite. -Unrivalled location surrounded by Melbourne’s best food and hospitality venues supported by a rapidly developing apartment and commercial office population -Close proximity to high performing Coles Supermarket and other national tenants including, Huxtaburger, Kathmandu, Bonds,Chemist Warehouse, major banks and more.