Stonebridge Property Group is pleased to present for sale 27-31 King Street, Melbourne, a fully leased Melbourne CBD freehold.
The 1,946 sqm* NLA building is anchored by a renewed 10-year lease to Australian Venue Co. trading as State of Grace.
The property resides in one of Australia’s most recognised hospitality precincts and nearby Charter Hall’s recently completed 555 Collins Street, Crown Casino, Southern Cross Station and Marvel Stadium.
Key highlights of the opportunity include:
- Fully leased building with $1,017,920* + GST net income (p.a.) + annual increases
- Renewed 10-year lease to anchor tenant, Australian Venue Co. trading as State of Grace
- Australian Venue Co. has a national network of 200+ venues & generates $1Bn+ turnover^
- 1,946 sqm* NLA freehold, plus a prominent 15.5 m* of prime retail frontage to King Street and rear frontage to Hay Place.
- Nearby Charter Hall’s 555 Collins St, Crown Casino, Southern Cross & Marvel Stadium
- Centrally located in one of Australia’s most recognised hospitality precincts
- Ideally suited for investors, landbankers or for future development (STPA)
27-31 King Street, Melbourne is offered for sale via Expressions of Interest closing Thursday 10th October 2024 at 2pm (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang ??
0411 625 068
Property Code: 1048