The subject comprises a 911 square metre inner city property located between the Metro Quays unit development and the Urban Quarter Shopping Centre. It is located immediately behind the recently renovated Flinders Streetscape project.
The property is designated CBD Retail Core and is located in a 20 storey building precinct. The property is currently improved with a recently refurbished single level retail warehouse building containing a gross floor area of about 829 square metres.
Other features include;
* Recently renovated showroom space with modern offices – including new roof, plumbing, electrical, air conditioning, suspended ceiling / lighting
* Mitre 10 offering a 3 year leaseback from date of settlement
* Rental Rate offered $120,000 pa (plus GST and outgoings)
* Approximate 7.5% net return on investment
* Two Street accessibility – Ogden and Hanran Streets
* Ample dedicated and Off-street Parking
About your tenant – Mitre 10 is Right name in hardware… for over 50 years in Australia – http://www.mitre10.com.au/
For an Information Memorandum or to arrange an immediate inspection please contact Elders Commercial – Glenn Adair on (07) 47724000 or glenn.adair@elderstsv.com.au