175 Domain Road South Yarra VIC 3141

The offering comprises a prominent two (2) level freestanding building with over 8 metres of frontage onto the bustling Domain Road, completed with an outstanding northern outlook over the Royal Botanic Gardens to the CBD.

The key features of the property can be summarised as follows:

* Prominent two (2) level freestanding building with over 8 metres of frontage onto the bustling Domain Rd
* Leased to Bacash Restaurant since 2005, one of Melbourne's most highly regarded seafood destinations
* Brand new 4 year lease commencing August 15 2013, with a further 3 x 4 year options remaining
* Substantial building area of 290 sqm*
* Over 240 sqm* of prime South Yarra 'Domain' land
* Estimated net income $153,000 p.a.** with 4% fixed annual increases
* Irreplaceable Domain Rd location in one Melbourne's most exclusive and highly sought after retail precincts
* Future redevelopment and/or subdivision potential (STCA)
* Outstanding northern outlook over the Royal Botanic Gardens to the CBD
* Servicing one of Melbourne's most affluent residential precincts

*approx
**rental previously $131,000 p.a. prior to determination

The property is being offered to the market via On-site Public Auction Thursday 10th October 2013 at 11.00am. To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.