Att: $350k + Buyers – Retail/Office Integrated within Gainsville’s Signature Showroom

Burgess Rawson is pleased to offer to the market 10R, Level 2/7 Riverside Quay Southbank VIC for sale via Investment Portfolio Auction 156.

The property has the following investment highlights:

+A unique entry level opportunity to invest in one of Australia’s most well-known 297m skyscrapers.
+Gainsville Furniture: premium furniture retailer with multiple locations across Melbourne.
+Renewed 3-year lease to longstanding tenant Gainsville in occupation 15+ years.
+Versatile 80sqm* retail/office space integrated into Gainsville’s signature showroom, would suit variety of uses including showroom or stand-alone office.
+Landlord-favourable, set-and-forget lease structure with tenant paying all usual outgoings.
+Strategic positioning located just 450m* from Crown Casino, attracting over 22 million visitors annually.**
+Situated less than 1km* from the Melbourne CBD.
+A short walking distance to Southbank Boulevard, a prized Melbourne destination for restaurants and bars overlooking the Yarra River.
+Quick access to City Road, an important Melbourne commuter road linking the inner eastern suburbs to the West Gate Freeway servicing 35,000 vehicles daily.***
+Southbank: affluent suburb with a median house price growth of 19.67% since April 2021.****
+Net Income: $24,000 pa* + GST ($300 per square metre)

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 October 2022
River Room – Crown Casino, Melbourne

*Approx.
**Crown Casino
***Gap Maps
****Realestate.com.au