1/15 Collins Street,
Melbourne, VIC 3000

Situated at the top of Collins Street, the ‘Paris End’ of a vibrant commercial precinct, this freehold property provides the perfect real estate investment opportunity. The precinct hosts towering office buildings, the Sofitel and Windsor hotels, Collins Place, numerous eateries, The Melbourne Club and a coterie of designer shops. Serviced by a super tram stop and Parliament city loop Station around the corner, this property is exposed to a high level of foot traffic on a daily basis.

PROPERTY ATTRIBUTES

Rare Freehold Title purchase opportunity;
Secure Income stream – long lease to established business;
Prominent building with newly renovated and enhanced first floor facade;
One of only two shops within the building and the only one with Collins Street frontage;
Collins Street Frontage: 4.5m (14ft 9ins) plus splay of 4.8m (15ft 9ins) approx;
Premises area by Survey: 79.3m2 (853.6ft2);

LOCATIONAL ATTRIBUTES

Located next to the Sofitel Hotel and Collins Place;
Nestled amongst high end, designer retailers that seek out Collins Street;
Near Spring Street within the ‘Paris End’;
Tram passes the door, Parliament Station around the corner;

LEASE
Lease renewal commenced 1st September, 2014;
Lease term: 5 years;
Further term: 5 years;
Current rent: $175,100 per annum Gross (GST exclusive);
Outgoings: budgeted at $17,400 per annum (GST exclusive);
Rent reviews: Annual 3% increments with market at option.

Inspection Strictly By Appointment