Offering a very secure and long-term investment is this space on the 1st Floor of 480 Collins Street.

Leased by the Building’s renowned restaurant, and currently utilised as free space, this investment would be ideal for the super fund investor, or somebody with a little spare change.

Purchased in 2007 for well over the current asking price, this property is priced to sell RIGHT NOW!

Offering a substantial Return on Investment.

Currently leased for approximately $15,680 per year plus GST & Outgoings, on a 5 year lease with two 5 year options. Lease commenced in September 2011.

Current return is over 7% net, with increases to follow.

Outgoings are:
Council $745p.a.
Water $165 p.a.
Owners Corp $1,430 per quarter.
and are paid by the tenant.