HIGH PROFILE CORNER RETAIL INVESTMENT WITH RECENT 10-YEAR NET LEASE
Ground, 552 Lonsdale Street, Melbourne VIC 3000
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RetailSize: n/a
CBRE Melbourne are delighted to present for sale a high profile corner retail investment located in the heart of the Melbourne CBD's established 'Little Korea' precinct.
Offered to the market with a recent 10-year net lease to popular Korean restaurant 'Yoon's Kitchen, 552 Lonsdale Street can be summarised by the following features:
+ A high profile Melbourne CBD corner location on the corner of Lonsdale Street and Healeys Lane in the established and high trading 'Little Korea' precinct.
+ Offered with a recent 10-year net lease (exp-2032) with 3.5% fixed annual increases across 124 square metres*
+ High quality and recent new fit out, existing outdoor seating permit as well as a 12am liquor licence in place
+ High foot traffic location and high performing lunch and night time trade with short walking distance to William Street tram stop, Southern Cross Train Station and Flagstaff Train Station
+ High growth development precinct with three (3) landmark mixed-use developments worth over $1.5bn set to be delivered over the next 5 years within 500 metres* of the property
For further information or to arrange an inspection please contact the sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Offered to the market with a recent 10-year net lease to popular Korean restaurant 'Yoon's Kitchen, 552 Lonsdale Street can be summarised by the following features:
+ A high profile Melbourne CBD corner location on the corner of Lonsdale Street and Healeys Lane in the established and high trading 'Little Korea' precinct.
+ Offered with a recent 10-year net lease (exp-2032) with 3.5% fixed annual increases across 124 square metres*
+ High quality and recent new fit out, existing outdoor seating permit as well as a 12am liquor licence in place
+ High foot traffic location and high performing lunch and night time trade with short walking distance to William Street tram stop, Southern Cross Train Station and Flagstaff Train Station
+ High growth development precinct with three (3) landmark mixed-use developments worth over $1.5bn set to be delivered over the next 5 years within 500 metres* of the property
For further information or to arrange an inspection please contact the sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
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Key details
Property type:
Retail
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SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 182077144. This listing has been viewed 7 times. It was first displayed on 10/11/2023 and last updated on 08/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.