420 Spencer Street, West Melbourne, VIC 3003

Retail

For Sale Contact Agent

  • Property ID: 335447
  • Floor Area: 145m²
  • Occupancy: Tenanted
Prime CBD Fringe Investment

Grandfield Property Group is pleased to offer this rare opportunity to own a brand-new retail investment located in one of the busiest streets on the edge of Melbourne CBD for Immediate Private Sale.

Situated under the iconic "Spencer Melbourne" building consisting of 445 apartment and a large office on Level 1, this prime ground floor retail shop offers outstanding investment with brand-new long-term lease.

Key attributes of this prime CBD fringe investment include:

• Fully leased to high profile national tenant "9Round" fitness
* Current annual net rental income of $78,000 with annual increase
* Brand-new long-term lease
• High traffic exposure
• Area: 145 m2 ^
• High ceiling with excellent natural light
• Tightly-held location surrounded by many high-rise developments including both commercial office and residential buildings
• Close proximity to public transport including Flagstaff Railway Station and tram stops

^approx.

West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $134 ---
Offices --- $393 ---
Retail $10690 $542 5.07%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

Grandfield Property Group Pty Ltd

Suite 507, 1 Queens Road, Melbourne, VIC 3004

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 420 Spencer Street, West Melbourne, VIC 3003. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 420 Spencer Street, West Melbourne, VIC 3003. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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