138 Bourke Street Melbourne VIC 3000

"An unparalleled Melbourne CBD East End investment"

CBRE are delighted to present to the market for sale, "Virgin Active" at 138 Bourke Street, Melbourne. The iconic opportunity boasts a fifteen (15) year net lease with options to one of the world's most recognised brands as well as the following key features:

* 4,816 sqm* of prime CBD space
* Prominent Melbourne CBD East End location
* Net lease structure, subject to 3.5% fixed annual increases
* Substantial depreciation tax benefits
* Attractive total return
* Purchasing significantly below replacement cost
* Net income of $1,713,000* with a 12 month bank guarantee

The property is being offered for sale by Expressions of Interest closing 5:00pm Thursday 29th August, 2013 through the offices of CBRE.

*approx