Circa 6.5% Yield Anticipated | Deceased Estate – Must Be Sold!

10 Katherine Place , Melbourne VIC

Property Highlights

Hardware Société, 4 locations globally
Rare fixed 4% annual rent increases
255 sqm capital intensive fit-out
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+ 6-year lease plus three (3) further six (6) year options to 2043.
+ Hardware Société: international brunch institution, with locations in Paris, Barcelona and two in Melbourne CBD.**
+ Strong and certain income growth with fixed annual, compounding 4% increases.
+ Ground floor corner retail premises with dual street frontage and exposure to high foot traffic.
+ Immaculate 255 sqm* tenant funded capital-intensive fit out with fully serviced kitchen and functional open-plan configuration.
+ Property to be sold along with Liquor License.
+ Positioned within Katherine Place, Melbourne’s iconic modern laneway between Flinders Lane and Flinders Street.
+ Major office towers nearby include the Rialto, Jemena, Suncorp Building, 595 Collins, Collins Arch and the soon to be completed 555 Collins building, an $800 million tower that will be home to Amazon’s new corporate headquarters.
+ Walking distance to some of Melbourne’s most popular attractions, including the Crown Casino, Melbourne Aquarium, DFO and the Melbourne Convention Exhibition Centre (MCEC).
+ Surrounded by important public transport infrastructure, with tram services virtually on your doorstep, Southern Cross Station within 300m* and Flinders Street Station just a short stroll from the property.
+ The City of Melbourne: On average, over 850,000 people visit the city centre every day and each year Melbourne hosts over a million international visitors.***
+ By 2041, the City of Melbourne’s population is expected to double and reach over 308,000 – over the same period, the number of jobs is forecast to increase by 41% and reach over 659,000.****
+ Deceased Estate – Must be Sold!
+ Net Income: $169,988 pa* + GST (as at 1 Jan 2024).

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne

**Hardware Société

Burgess Rawson Agents
Rick Jacobson 0413 830 083
Jamie Perlinger 0413 860 315
Zomart He 0488 220 830

Gross Waddell ICR Agents
Alex Ham 0410 545 226
Raoul Slater 0418 335 432

Property Details

Current Tenant
Occupancy Type
Land Size
Building Area
255 SQM

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