Leased Investment Opportunity | 6% return

Sale Details

Sold on 24 Jul 2024

Description

Colliers and CVA are pleased to present a 100% leased retail investment opportunity in Cremorne’s newest office building, Cremorne House, located at Ground, 6 Adolph Street, and 5 Pearson Street, Cremorne

Crafted by renowned developer Wilmac and designed by SJB Architects, this investment boasts a separate title plus an allocated car space. On offer is a new 5 year term lease with multiple option periods to 2034 and attractive depreciation tax benefits. Situated in the heart of Melbourne's hottest precinct, these opportunities offer immediate access to Swan Street and Church Street while also benefiting from the East Richmond Station foot traffic.

Investment Highlights:,

Ground Floor, 6 Adolph Street, Cremorne: Cafe
$850,000 buyers
- Tenant: “Little B” – the second location of the highly successful “Bruno & Co” based in High Street, Armadale.
- Building Area: 56m2* plus one car space
- Rental: $51,200 p.a net
- Term: Five (5) years from12th February 2024 with optons to 2034
- Options: One further term of two (2) years then one additional term of three (3) years
- Increases: Annual by 3.5%, market at commencement of further terms(s)

An outstanding investment opportunity is offered for Private Sale. For further information, please contact the exclusive selling agents, Colliers and CVA.

*Approx.
Pricing excludes GST