Colliers & Gross Waddell ICR are delighted to present for sale a luxury retail investment opportunity strategically positioned within the heart of Melbourne's famed Paris East End.
136 Little Collins Street comprises the following key attributes:
- Blue-chip 'Paris' East End location strategically positioned amongst premium grade office towers, residential buildings, global retailers, hotels, restaurants, bars and cafes.
- Excellent two-level retail showroom positioned on the corner of Little Collins Street & Coromandel Place with superb glass frontage, high ceilings and natural light throughout.
- Fully leased to reputable European luxury fashion retailer, 'Le Style Boutique', since 2015, selling designer apparel for men, women and kids plus homewares, watches, sunglasses and other accessories.
- New 4 + 4 + 4 + 4 year lease term commencing Feb-2022 with strong net income of $186,994.71 + GST + Outgoings (as at 14.02.23) and 3.5% fixed annual rental increases.
- Prominent street frontage to engage the high levels of pedestrian foot traffic with flexible Capital City 1 Zoning to accommodate future uses including hospitality, office and medical (STCA).
- Set to benefit from neighbouring development and infrastructure projects that will elevate this precinct to new levels including 130 Little Collins Street (28-level premium grade strata office building) and the 120 Collins Street lobby refurbishment.
For Sale by International Expressions of Interest closing Thursday 8th December 2022 at 12pm (AEST).
For further information or to arrange an inspection of the property please contact Colliers & Gross Waddell ICR as the exclusive conjunctional selling agents.
Colliers
Matthew Stagg | 0409 411 300
Gross Waddell ICR
Danny Clark | 0448 066 889
Michael Gross | 0419 355 561
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