Description

Gorman Commercial is pleased to present this extremely rare opportunity to buy an prime Albert Park freehold within arguably Melbourne’s best & most tightly held retail shopping strips.

Key property features:

* First time offered in 60 years
* Five (5) year lease to publicly listed Country Road Group, trading as Trenery
* National tenant – Blue-chip lease covenant
* Excellent holding income with potential future rental uplift
* Immaculately presented two-level building of 185 sqm, comprising retail showroom and first floor associated office
* Prime land holding of 165 sqm
* Rear access via Bevan Street
* Fixed 3% per annum rental reviews
* Surrounded by high quality tenants such as Country Road, Cable, Mecca, Woolworths, Laurent, Ned’s, Vintage Cellars, Dundas and Faussett, Albert Park Hotel, Gumtree Good Foods and many more.

194 Bridport Street, Albert Park is for sale by Auction on Thursday 18th September at 12pm on-site.

Listing Highlights

• Leased to publicly listed tenant
• Set and forget retail investment
• Strong rental income