Proven Inner City Supermarket Plus Liquor
1R/328-344 Kings Way, South Melbourne VIC
Property Highlights
Renewed 5 Year Lease to 2023 + Options
Fixed 3.5% Annual Rent Increases
Important 10 metre retail frontage
Description
Renewed 5 year lease to 2023 plus options to 2038
Important 10 metre retail frontage
Impressive 143 sqm premises with access to 2 secure car parks
Local Express: inner-city supermarket with liquor plus dry cleaning service
Kings Way: one of Melbourne’s most important thoroughfares connecting bayside and eastern Melbourne to the CBD with an estimated 95,000+ vehicles passing daily
A short distance from the future Anzac Railway Station (2025)
Position perfect on ground floor of the Silverleaf (155 units)
Neighbouring 5-level Palmerston development – under construction
South Melbourne: Tightly held suburb containing up market housing, high density living and all commercial uses with 1,800 apartments and 90,000 sqm of new office space in the pipeline
Rent: $88,352 pa
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
Property Details