CBRE Melbourne are delighted to present for sale a super prime Swanston Street retail investment, occupied by one of China's leading producers of milk tea products 'Cha Panda'.
248 Swanston Street, Melbourne presents an extremely rare Swanston Street investment underpinned by a recent 6-year net lease with 5-year option to one of China's leading milk tea brands with over 7,900 locations across the Asia Pacific Region.
248 Swanston Street, Melbourne can be summarised by the following points:
+ A super prime Swanston Street retail investment superbly located between Little Bourke and Lonsdale Street in the heart of the Melbourne CBD's retail core underpinned by a 24/7 retail location.
+ Offered with a recent 6-year net lease (Jan-24) and subsequent 5-year option period to 2035 returning a net income of $333,409* per annum with 4% fixed annual increases
+ Offering a high quality and recent fit out, facilitating a high volume trade of milk tea products in Cha Panda's flagship and sole Australian location
+ Cha Panda is a revered milk tea beverage chain, which has garnered a strong following across Asia and resulted in a rapid expansion to over 7,900 locations in China alone
+ High foot traffic location with 20,000+ passing patrons per day, and a thriving lunch and night time trade benefitting from neighbouring major shopping centres in Melbourne Central and QV Melbourne.
+ A captive customer base of students, residents, commercial workers and tourists alike in an unrepeatable Melbourne CBD location
248 Swanston Street, Melbourne is For Sale via International Expressions of Interest closing Thursday 14th November 2024 at 2:00pm (AEDT).
For further information, or to arrange an inspection please contact the below sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes Approx.
