2-60 West Row, part of the iconic Melbourne Building, is an historic two storey property that was virtually rebuilt and strata titled in the late 1990's. The building houses a total of 50 units, comprising ground floor retail/restaurant premises & the first floor currently operates as serviced apartments.
The subject unit is approximately 242 sqm in size & is presently tenanted by Asian Caf�. The unit enjoys its own toilets, own air conditioning, rear access, has basement storage and an internal,outdoor courtyard. The long standing tenant, Asian Caf�, have a high quality fit out, their lease expires on the 12th of September 2018 and the lease provides for 3.5% annual rental increases.
They have taken full advantage of the floor space by providing the following to their customers;
- Take away option at front of the unit
- Small bar
- Sit down seating
- Private function room
The location of this property within the thriving City West Precinct is also a very positive factor when considering it as an investment. The proximity to the Law Courts, Australian National University & proposed Capital Metro Light Rail, coupled with the development of new buildings and repurposing of old buildings as residential apartments & student accommodation is underpinning the future property values in this area.
Call Mark Thompson to inquire on this fantastic opportunity and arrange an inspection today.
