NIAGARA HOUSE - 100% FULLY LEASED INVESTMENT IN CBD RETAIL CORE

Fitzroys has the exclusive privilege of offering this standalone 6 level trophy freehold investment located in the prime retail core of Melbourne's CBD via Public Auction on Thursday 18th September at 1pm on site.

This outstanding freehold provides investors and long term owner occupiers with the exceptional flexibility to further value-add, part occupy or reposition part or all of the property.

The key attributes of this outstanding opportunity include:

•  Unique triple fronted site of 329sqm* surrounded by Niagara Lane and Warburton Alley

•  Combined street boundaries of 87.89 metres*

•  Long standing ground floor net lease (Tenant pays land tax) to Mac Pac - subsidiary of ASX listed Super Retail Group

•  Prominent 6 level building featuring 4 separate levels of open plan natural light filled offices with exclusive amenities all fully leased. Note: Each level is already strata titled allowing for future sell down options

•  Nabers Energy Rating: Exempt

•  Versatile Capital City 1 zoning allowing for a multitude of development outcomes (STCA)

•  Total current rent of $550,000 pa plus gst providing scope for short term rental uplift

•  Only 40 metres from Melbourne's popular restaurant precinct of Hardware Lane and walking distance to Bourke Street Mall, Melbourne Central Shopping Centre and Emporium Melbourne

370 Little Bourke Street presents an outstanding opportunity to acquire a prominent fully leased freehold investment located in the retail core of Melbourne's CBD with potential for rental uplift and re-positioning options

*Approx.