Sensational Brighton Investment Leased to ASX Listed Tenant

Fitzroys is delighted to offer for sale this sensational freehold investment located in the bustling and highly desirable shopping strip of Church Street, Brighton via on-site Auction Thursday 29th September at 1pm.

This generational opportunity provides investors with the rare chance to acquire a highly sought-after freehold with the benefit of a renewed lease to one of Australia’s most successful publicly listed companies – Flight Centre Travel Group Ltd.

The key attributes of this opportunity include:

• Situated with the highly popular Church Street shopping precinct - arguably Melbourne’s best shopping strip known for its history of low vacancies.
• Exceptional land area of 227*sqm with rear access entered from Carpenter Street.
• Strategically located close to a busy pedestrian crossing.
• Renewed lease to long standing publicly listed Tenant – Flight Centre Travel Group Ltd who have occupied the site for over 20 years and who have recently renewed their lease to December 2028.
• Flight Centre Travel Group are listed on the ASX and maintain a Market Capitalisation of in excess of $3.5bilion and forecast total transaction value (TTV) for the year ending FY22 at $10 billion. Flight Centre Travel Group comprise up to 32 different brands including, but not limited to 99 Bikes and Top Deck and more.
• Rent $142,500* per annum plus outgoings including Land Tax ( SHB) and GST
• Rear on-site parking included and entered from Carpenter Street.
• Strong driving foot traffic precinct and superbly located amongst other leading retailers including Scanlon Theodore, Country Road, Husk, Sportscraft, Nike, Mecca, Saba, Flannel Major banks and supermarkets, The Pantry and more.
• Abundance of public car parking available and underpinned by excellent transport services, first class education facilities and a strong local demographic.

*Flight Centre Press Release 25/7/22.

51 Church Street Brighton presents an outstanding opportunity to acquire sought-after freehold investment offered for the first time in 60 years and providing the successful purchaser a trophy investment within a premier shopping strip known for its long history of no vacancies and strong rental growth.

*Approx.