Ground 552 Lonsdale Street Melbourne VIC 3000

CBRE Melbourne are delighted to present for sale a high profile corner retail investment located in the heart of the Melbourne CBD's established 'Little Korea' precinct.

Offered to the market with a recent 10-year net lease to popular Korean restaurant 'Yoon's Kitchen, 552 Lonsdale Street can be summarised by the following features:

+ A high profile Melbourne CBD corner location on the corner of Lonsdale Street and Healeys Lane in the established and high trading 'Little Korea' precinct.

+ Offered with a recent 10-year net lease (exp-2032) with 3.5% fixed annual increases across 124 square metres*

+ High quality and recent new fit out, existing outdoor seating permit as well as a 12am liquor licence in place

+ High foot traffic location and high performing lunch and night time trade with short walking distance to William Street tram stop, Southern Cross Train Station and Flagstaff Train Station

+ High growth development precinct with three (3) landmark mixed-use developments worth over $1.5bn set to be delivered over the next 5 years within 500 metres* of the property

For further information or to arrange an inspection please contact the sales and marketing agents at CBRE:

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au