CBD Freehold Leased To Renowned Longrain Restaurant * OPEN FOR INSPECTION EACH THURSDAY PRIOR TO AUCTION FROM 11:30AM-12PM *

Sale Details

Sold on 19 Jun 2013 for $5,340,000

Description

Melbourne CBD freehold fully leased to renowned restaurant Longrain Melbourne on a term of ten (10) + ten (10) + five (5) years with a current rental return of $290,389.32 per annum net + GST.

This two level brick building is positioned on the north east corner of Little Bourke Street and Punch Lane in the sought after eastern precinct of the Melbourne CBD within the Chinatown district.

Key features of this impressive property include;

• Outstanding tenant - Longrain restaurant, established in Melbourne since 2005 and also successfully operating in Surry Hills, Sydney
• Building area: 1,022m2 (approx)
• Land area: 511m2 (approx)
• Frontage to Little Bourke Street of 17 metres (approx)
• Frontage to Punch Lane of 30 metres (approx)
• Excellent public transport facilities; just a short 150 metre (approx) walk from Parliament Railway Station
• Formally known as the William Angliss and Co. Stables circa 1900 and noted as a building of significance on the Victorian Heritage Register



The sought after eastern CBD restaurant/entertainment precinct features the who’s who of landmark establishments; including Shark Fin Chinese Restaurant, Flower Drum, Gingerboy, Becco, Grossi Florentino, Pellegrini's Espresso Bar, Princess Theatre and Her Majesty’s Theatre.

This is a fantastic opportunity to purchase an impressive Melbourne CBD freehold investment that is not to be missed.

For more infomation please visit http://40-46littlebourkestreetmelbourne.cva.net.au/