140 Rouse Street,
Port Melbourne, VIC 3207

This property won't give you indigestion - leased to The Gourmet Garage from 1 August 2005 on a 7 year term averaging $63,319 net pa over the term first five years of the lease(commencing @ $61,106.40 with 3.5% annual increases with market review at the beginning of year 6 of lease). The property comprises of ground floor retail space boasting a street frontage of approximately 8 metres, totaling 123m2 with access to customer car parking within the shared Bayview development. Merely four doors from Bay Street and one block from Port Melbourne beach, this ideally located retail lifestyle investment opportunity offers outstanding growth prospects within this dynamic and evolving residential and retail inner city precinct made a little more tasty to the investor with anticipated depreciation in the order of $6,200! Zoned Mixed Use.