525 Church Street,
Richmond, VIC 3121

FOR SALE BY EOI Closing Thursday 12 April 2018 at 4pm.

Located in the heart of Church street's retail precinct, this 1st class property provides an astute investor the rare opportunity to own a prime retail investment with massive future development potential (stca).

Very rarely does the opportunity arise to purchase a magnificent building on a total site area of 1,209m2 with massive exposure and rear access. In addition, it is occupied by a long standing, national tenant with future rental growth and very impressive fit out. Land value in this prime location will only continue to increase over time.

This quality investment comprises-

* 8 year lease to Robertsons Furniture expiring 31 August 2022
* 8 year option thereafter
* Current return of $393,018.72 pa plus outgoings & GST
* Total building area of 1,051m2 approximately
* Annual CPI reviews, market at option
* Rear onsite car parks and loading access
* Prominent frontage to Church street surrounded by national brands
* Massive future development potential (stca)
* Excellent transport & freeway linkages
* Close to Melbourne's best cafes and restuarants
* Within very close walking distance to Chapel street & Swan
street retail precincts

For further details or to arrange an inspection that will certainly impress, please contact our office on 9670 4888.