Jones Real Estate is privileged to present 'Australian Laser & Skin', 22 Wilson Street, South Yarra, to the market, For Sale via Public On-Site Auction on Wednesday 30th October 2024 at 10.30am.
Positioned on the doorstep of Melbourne's most prestigious retail precinct, the property is underpinned by a strategic mix of established and renowned tenant profiles, fine dining options and a transformational development precinct.
Key highlights of this retail investment include:
- Providing a net passing income of $50,033.75 per annum with favourable annual CPI increases, future proofing the asset for many years to come.
- Leased on an initial three (3) year term that commenced August 2016, Australian Laser & Skin are in their 9th consecutive year of occupation. The tenant has recently exercised their three (3) year option in August 2024 and have two (2) further three (3) year options remaining.
- Australian Laser and Skin are an exceptional & proven medical business, with 14 stores across Victoria, and a number of stores earmarked to open, their presence and branding are rapidly expanding to service heightened demand.
- Offering 74sqm* of internal building area and a prominent 8.3m* of direct retail frontage in one of Melbourne's most prestigious suburbs, the property is underpinned by a strategic mix of surrounding tenant profiles on Chapel Street including Country Road, SABA, Marimekko, MCM House and Gorman, just to name a few.
- Property has one (1) car space on title.
- Unparalleled high end fine dining including Hawker Hall, Mr Miyagi, Tombo Den, Thirty-Eight Chairs, Abacus Bar & Kitchen, Caffee e Cucina & more.
- Immersed within Chapel Streets ever evolving and transformational precinct, home to Melbourne's most prominent developments, Vic Land (11 Wilson Street), Goldfields (627 Chapel Street), LK Property Group (Capital Grand), Gurner (Jam Factory), Oreana (South Yarra Square) V Leader (189 Toorak Road) and Chapter Group (206 High Street).
- Offering outstanding access to South Yarra Railway Station plus multiple tram & train bus routes.
- Property is zoned ACZ1 Activity Centre Zone Schedule 1.
*Approx.
For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
