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305 Coventry Street
South Melbourne VIC 3205
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Sold on 22 Nov 2023

305 Coventry Street South Melbourne VIC 3205

  • Shop & Retail
  • 70 m²
  • Sold

South Melbourne Investment With 10-Year Lease to Proven Tenant

  • Fronting South Melbourne Market
  • Freehold Title + Rear Access
  • Strategic Retail Location

Stonebridge Property Group is pleased to present for sale 305 Coventry Street, South Melbourne.

The key highlights of the opportunity include:

- 100% leased to Market Lane Coffee, a highly popular and established café business (est. 2009) with 9 locations throughout Victoria

- Market Lane Coffee lease the property on a 10-year term with one further five-year option (through to 2032) and favourable 4% increases

- The prominent double level building boasts rear access providing separate access to level one which is currently utilised as office space

- Positioned directly opposite the famed South Melbourne Markets, attracting more than 5.5 million visitors per year and providing a constant customer base for Market Lane Coffee

- Providing scope for a future 4 level mixed use development (STCA)

- Located at the heart of South Melbourne's prestigious café and retail precinct home to a number well regarded hospitality operators

305 Coventry Street, South Melbourne is offered for sale via Public On-site Auction Wednesday 22nd November 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Sarah Xi
0468 320 297

Rorey James
0439 400 081

*Approximately

Property Code: 794

AUCTION

Auction date and time22/11/2023 10:30
Auction locationSee description
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold22 Nov 2023
Floor Area70 m²
Land Area47 m²
ParkingAsk Agent
Property ID2018848715
Category
Last updated  22 Nov 2023
Map for 305 Coventry Street South Melbourne VIC 3205
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold22 Nov 2023
Floor Area70 m²
Land Area47 m²
ParkingAsk Agent
Property ID2018848715
Category
Last updated  22 Nov 2023

Co-Agents

Rorey James
Stonebridge Property Group VIC
Call
+61 439 400 081
Nic Hage
Stonebridge Property Group VIC
Call
+61 448 782 594
Sarah Xi 席子棠
Stonebridge Property Group VIC
Call
+61 468 320 297

More about 305 Coventry Street South Melbourne VIC 3205

305 Coventry Street South Melbourne VIC 3205 is categorized as Shop & Retail Property. It has a floor area of 70 m² and a land area of 47 m². The listing ID for this property is 2018848715.

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