34 Errol Street,
North Melbourne, VIC 3051

This securely leased double storey shop, currently tenanted by 'KL Bunga Raya (Singaporean/Malaysian Restaurant), offers exceptional returns and consistent investment success in the heart of the Errol Street shopping strip (Zoned Business 1).

High volume pedestrian traffic, a prominent profile, ample retail and storage space, proximity to car-parking and Victoria Street contribute to on-going appeal on 135sqm(1453sqft) approx.

Generous sales and display area is complemented by a large upstairs storage space while to the rear, additional storage, kitchen and bathroom facilities.

Lease 1/2/2010 -1/2/2015 with one x further 5 year option. Income Feb 2010 to Feb 2011 of $50,520 inc GST. Outgoings, including water, council rates, building insurance and $10m public liability insurance paid by tenant.

This landmark Victorian building offers unique scope for commercial, professional or residential conversion - or a combination of all three.The corner shopfront suggests a range of retail/office/showroom or cafe/restaurant options.

An outstanding investment opportunity in North Melbourne's best precinct. One of the strip's most significant opportunities in years.