- Versatile two-storey feehold
- Significant rental upside
- Substantial Lygon Street frontage
Description
Rare opportunity to acquire this versatile two-storey freehold investment with potential rental uplift and surrounded by an abundance of lifestyle amenity.
Auction: Thursday 19th May 2022 at 12 noon on-site
Key features comprise:
* Lease term: 5 + 5 years
* Income: $77,600 pa + GST to be increased to $87,600 pa + GST in November 2022
* Exceptional freehold building of 214 sqm* and substantial Lygon Street frontage
* Significant fixed annual rental increases
* Rear access via Dorrit Street
* Surrounded by major tenants including King & Godfree development, Country Road, Mecca, Grill'd
Ideally located within arguably the best position in the strip, nearby the bustling Lygon Street / Faraday Street intersection and surrounded by all that this magical location has to offer.