SOLD | $6,950,000

601 Victoria Street, Abbotsford VIC 3067, Australia
  • Address: 601 Victoria Street Abbotsford VIC 3067
  • Floor Area: 1,163 sqm*
  • Property type: Retail & Investment
  • Offer type: Transactions
  • City: Abbotsford
  • Post Code: 3067

Overview

INNER-CITY BLUE-CHIP CORNER RETAIL INVESTMENT LEASED TO NATIONAL TENANT

601 Victoria Street Abbotsford VIC 3067

For Sale by International Expressions of Interest (EOI) Closing Thursday 22nd August 2019 at 12.00pm AEST

601 Victoria Street, Abbotsford presents an exciting opportunity to acquire a blue-chip retail investment.

Key features include:

  • Highly exposed and dominant retail investment with substantial dual frontages (51.6m* to Victoria Street and 23.7m* to Grovesnor Street) and multiple access points
  • Located on the northern side of Victoria Street, between Grovesnor Street and Flockhart Street, approximately 4km* east of the Melbourne CBD
  • Strategically bordering numerous residential developments and sits within one of Melbournes busiest cosmopolitan areas within walking distance to Victoria Gardens
  • Fully leased to blue-chip national tenants First Choice Liquor with a net rental income of approximately $424,180 plus GST and Outgoings plus opportunity for turnover rent
  • Leased on a ten (10) year term, commencing in August 2013 with four (4) further terms of five (5) years each
  • The ground floor retail asset is situated at the base of an eleven-storey mixed-use development, which consists of 466 sophisticated, boutique-style apartments, café, on-site childcare centre, as well as a 20-metre heated swimming pool and fully equipped gymnasium
  • 38 secure car parks available
  • Serviced by Victoria Street trams, providing immediate access to the Melbourne CBD and South-Eastern Suburbs
  • Within 500m* of Victoria Gardens Shopping Centre, anchored by Ikea, Coles Supermarket and Village Cinemas

*Approx

To arrange an inspection or for more information please contact Jones Real Estate or Colliers International as the conjunctional selling agents:

Jones Real Estate

Paul Jones
+61 488 779 749
Paul.Jones@Jonesre.com.au

Tim Spargo
+61 402 747 030
Tim.Spargo@Jonesre.com.au

Colliers International

Oliver Hay +61 419 528 540  

Chris Ling +61 419 294 346  

Ted Dwyer +61 411 312 165

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