Premier Brighton Investment Leased to Longstanding Tenant

Fitzroys is delighted to offer for sale this premier freehold investment located in the highly popular and desirable shopping strip of Church Street Brighton via on site Auction Thursday 27th July at 1pm.

This high profile opportunity provides investors with the rare chance to acquire a highly sought after freehold investment with the benefit of a renewed lease to one of Australia’s Top 4 Banks – National Australia Bank Limited. NAB currently maintains a Market Capitalization in excess of $79 billion and holds 14% of the home loan mortgage market**

The key attributes of this opportunity include:

• Situated within the highly desirable Church Street shopping precinct– arguably Melbourne’s best shopping strip known for its long history of low vacancies and strong rental growth.
• Substantial site area of 288sqm* with rear road access and excellent frontage of 8.5 metres.
• Renewed 5 + 5 + 5 year leased to long standing ASX listed National Australia Bank Limited – in occupation for 30 years*
• Rent: $254,616* per annum plus outgoings including Land Tax (SHB).
• Super prime position between St Andrews and Carpenter Street
• Strong driving foot traffic precinct and located amongst other leading retailers including Scanlon Theodore, Fine Day, Country Road, Husk, Kookai,, Sportscraft, Nike, Mecca, Saba, The Pantry, Flannel and both Coles local and Woolworths supermarkets.
• Abundance of public car parking available and underpinned by excellent transport services, first class education facilities and a strong local demographic.
• Fitzroys – Walk the Strip Analysis – 2022 reports the Vacancy Rate Average over the last 5 years for Church Street sits at 1.68% compared to the rest of Melbourne’s notable shopping strips of 8.07%.

35 Church Street Brighton presents an outstanding opportunity to acquire sought-after freehold investment 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.

**NAB Website