179 Russell Street, MELBOURNE, VIC, 3000

102 sqm

Land Area

180 sqm

Building Area

About Property



RARE CHINATOWN PRECINCT FREEHOLD INVESTMENT

* New long-term lease to proven operator
* High profile Chinatown precinct location
* Prime investment opportunity

Di Petta Group in conjunction with Savills has the exclusive privilege of offering for sale this Chinatown precinct freehold investment with a new long-term lease.

Key details of the opportunity include:

Quality 2-level retail freehold with NLA of 180sqm*
Dual street fronted landholding of 102sqm* with R.O.W access via Bullen's Lane
Current Net Income: $165,600 per annum* + GST and Outgoings
New 5+5-year lease to Jin Noodle Restaurant
Substantial tenant investment with brand new fit out
Situated in the heart of the Chinatown precinct within Melbourne's CBD's East-End, which enjoys Melbourne's lowest retail vacancy
Located within the true 24-hour retail core of Melbourne
First time offered for sale in 32 years

*Approx.

For Sale by Public Auction on Wednesday 26 August at 12:30pm on-site

ENQUIRE ABOUT PROPERTY


OUR OFFICE


  • LOCATION

    Suite 32, First Floor, 93 Wells Road, Chelsea Heights Vic 3196

  • PHONE

    0411 469 553

  • MAIL

    winnie@dipettagroup.com.au