• 6-year lease to September 2025 plus three (3) further six (6) year options to 2043.
• Hardware Société: international brunch institution, with locations in Paris, Barcelona and two in Melbourne CBD.**
• Strong and certain income growth with fixed annual, compounding 4% increases.
• Ground floor corner retail premises with dual street frontage and exposure to high foot traffic.
• Immaculate 255 sqm* tenant funded capital-intensive fit out with fully serviced kitchen and functional open-plan configuration.
• Property to be sold along with Liquor License.
• Positioned within Katherine Place, Melbourne's iconic modern laneway between Flinders Lane and Flinders Street.
• Major office towers nearby include the Rialto, Jemena, Suncorp Building, 595 Collins, Collins Arch and the soon to be completed 555 Collins building, an $800 million tower that will be home to Amazon's new corporate headquarters.
• Walking distance to some of Melbourne's most popular attractions, including the Crown Casino, Melbourne Aquarium, DFO and the Melbourne Convention Exhibition Centre (MCEC).
• Surrounded by important public transport infrastructure, with tram services virtually on your doorstep, Southern Cross Station within 300m* and Flinders Street Station just a short stroll from the property.
• The City of Melbourne: On average, over 850,000 people visit the city centre every day and each year Melbourne hosts over a million international visitors.***
• By 2041, the City of Melbourne's population is expected to double and reach over 308,000 over the same period, the number of jobs is forecast to increased by 41% and reach over 659,000.****
• Deceased Estate Must be Sold!
• Net Income: $179,504 pa* + GST (as at 1 Jan 2024).
For Private Sale
*Approximately
**Hardware Société
***VIC GOV
****Remplan
