ICONIC CBD FRINGE CORNER LANDBANK OPPORTUNITY

EOI – Leased Investment - 78-86 Dudley Street, West Melbourne

Investment opportunity, Development/Land (Residential, Hotel/Leisure, Retail, Offices, Showroom, Medical), Retail, Hotel/Lei

Overview
Property ID: 19369
Price: Contact Agent
Rent: $245,204 (ex. GST)
Building: 1,007m²
Land: 742m²
Zoning: Mixed Use Zone
EOI
26/10/2022 02:00 PM
Add to Calendar 26/10/2022 02:00 PM 26/10/2022 02:00 PM Australia/Melbourne EOI – Leased Investment - 78-86 Dudley Street, West Melbourne ICONIC CBD FRINGE CORNER LANDBANK OPPORTUNITY Ian Angelico [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960
Description

PROPERTY HIGHLIGHTS
• High Profile Corner location
• Direct Frontage to Flagstaff Gardens
• Mixed Use Zoned Land


CVA and JLL Melbourne have the exclusive privilege of offering for sale this high-profile corner located at 78-86 Dudley Street, West Melbourne

Key details of the opportunity include:

High profile corner freehold of 1,007sqm*
Ground Floor – 742 sqm*
First Floor – 265 sqm*
Extremely valuable corner landholding of 742sqm*
Leased to long-standing tenant ‘Witches in Britches’
1am Liquor License - Public Bar (110 patrons) & Theatre Restaurant (240 patrons)
Current rental of $245,203 per annum
Mixed Use Zoning
3 street frontages totalling 87 metres*
Incredible location on the corner of King and Dudley Streets
Direct parkland frontage to the 7.2 hectare Flagstaff Gardens
Within 500m of Flagstaff Station, Queen Victoria Market and all that the Melbourne CBD has to offer
A CBD fringe opportunity not to be missed!

78-86 Dudley Street, West Melbourne is For Sale by Expressions of Interest closing Wednesday 26 October at 2pm

To obtain further information or to arrange an inspection, please contact the exclusive selling
agent.

CVA:
Ian Angelico | 0418 336 088
Jarrod Moran | 0413 251 621

JLL:
Josh Rutman | 0411 273 746
Nick Peden | 0402 011 266
Tim Carr | 0415 767 915

For Chinese Mandarin inquiries, please contact MingXuan Li 李名轩 (0498 688 998). WeChat ID: Mingxuanli777.


*Approx.
Pricing excludes GST

Additional Info
Features
TenancyWitches in Britches Pty Ltd
Lease Term7 years + further term of 5 years
Commenced1st January 2017
Rent ReviewAnnual 4% increases, market value at option.
Bond/GuaranteesDirector guarantee
Outgoings PayableTenant
AvailabilityImmediate
Car SpacesN/A
ConditionVery Good
FloorsConcrete
HeightVarious
LiftsNA
Permits IssuedNot Applicable
Suitable DevelopmentMixed Use Residential, Commercial/Retail, Hotel & Hospitality (STPA))
Wheel Chair AccessN/A
ZoningMixed Use Zone
Outgoings
Council Rates$14,384.93 p.a includes Fire Services Levy
Land Tax$26,425.00 (single holding)
Agent Details
CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

CVA Property Consultants - Jarrod Moran

Jarrod Moran

M | 0413 251 621
T | (03) 9623 2589
E | [email protected]

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