747 Nicholson Street,
Carlton North, VIC 3054

Shops & Retail • Development Sites & Land

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MARCH INTO THIS INVESTMENT

Net Income of $45,000p.a.*
Brand new 3 year lease
Commercial 1 Zoning

Colliers International is pleased to offer this boutique retail investment at 747 Nicholson Street, Carlton North for sale by Public Auction.

The property is located within the tightly held Nicholson Street retail shopping strip and is in one of Melbourne’s most prestigious suburbs, Carlton North. 747 Nicholson Street is in a prime position and benefits from brilliant retail, lifestyle and transport amenities right at its doorstep.

Securely leased to The Salvation Army (Victoria) Property Trust until 15th May 2018 with one further option of three (3) years the property is currently returning $45,000 p.a. with inbuilt rental growth.

The key features of this outstanding property are:

• Leased to The Salvation Army (Victoria) Property Trust
• Returning $45,000 per annum
• Brilliant location just 3 kilometres* North of Melbourne’s CBD
• Leased until May 2018 with further three year option
• Flexible Commercial 1 Zone
• Land area 212m2 (approx.)
• Prime retail position

For Sale by Public Auction on-site Friday 28th August at 12noon.

For further details please contact the exclusive selling agents at Colliers International.

Property ID: 501647513Last Updated: 17 Mar 2016

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