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72-74 Bourke Street
Melbourne VIC 3000
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Sold on 11 May 2018

72-74 Bourke Street Melbourne VIC 3000

  • Shop & Retail
  • 254 m²
  • Sold

Classic CBD Freehold Investment

  • Prime CBD Investment
  • Highly Regarded Tenant
  • Strong Upside Potential

Savills is delighted to offer for sale this remarkable freehold CBD retail investment, located at 72-74 Bourke Street, Melbourne.

Situated in the prized east-end of Melbourne's CBD and leased to long term tenant, "Bottega" restaurant, this premium property is ideally positioned between two Melbourne icons; Grossi Florentino and Pellegrini's. Boasting a prime location, high profile tenant and very strong growth prospects, we strongly recommend this ideal CBD investment.

The key attributes of the property include:

- A magnificent 2-level building in immaculate condition
- Renewed 5+5+5 year lease to Melbourne institution "Bottega" Restaurant
- Bottega has been in occupation since 2002
- Net Rental: $211,940 per annum* (as at 13 May 2018)
- Wide Bourke Street frontage of 8m* with 2nd street frontage to Mornane Place
- Valuable landholding of 198sq m*
- Significant future rental and development upside potential
- Perfectly positioned between Melbourne icons; Grossi Florentino and Pellegrini's
- An incredible location within the 24-hour district of Melbourne's East End
- An extremely rare CBD freehold investment opportunity!

EOI closed - A multitude of offers received and being reviewed.

For further information, please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold11 May 2018
Floor Area254 m²
Land Area198 m²
ParkingOn site parking available
Property ID2014300346
Category
Last updated  30 Sep 2021
Map for 72-74 Bourke Street Melbourne VIC 3000

Nearest transport* to 72-74 Bourke Street Melbourne VIC 3000

Bus
Train
Tram
Ferry
Exhibition St/Lonsdale St (Melbourne City)218 m
Spring St/Lonsdale St (Melbourne City)222 m
Exhibition St/Lonsdale St (Melbourne City)234 m
Little Lonsdale St/Exhibition St (Melbourne City)365 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold11 May 2018
Floor Area254 m²
Land Area198 m²
ParkingOn site parking available
Property ID2014300346
Category
Last updated  30 Sep 2021

Listed by

Benson Zhou
Benson Zhou
Savills Melbourne
Call
0458 488 888

More about 72-74 Bourke Street Melbourne VIC 3000

72-74 Bourke Street Melbourne VIC 3000 is categorized as Shop & Retail Property. It has a floor area of 254 m² and a land area of 198 m². The listing ID for this property is 2014300346.

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