The Greville Street Collection
Melbourne Acquisitions are delighted to offer The Greville Street Collection. A rare offering comprising 5 prime tenanted investments over 6 separate titles on the corner of Porter street in this boutique and cosmopolitan inner city location.
These properties are ideally situated on the ground floor of the former iconic 'Station Hotel' and are available to purchase individually or in one line. This is an outstanding opportunity for astute investors to capitalise on this tightly held, low vacancy, blue chip suburb that has undergone significant gentrification. The properties are exceptionally positioned opposite Prahran Station with close proximity to Chapel Street and the recently completed $60M Prahran Square project.
Tenancy 1&6 - Next Practice Prahran
Lease Term: 5 years with 5+5 year options
Income: $244,000* per annum
Building area*: 337.5m2
Tenancy 2 - Pizza Hub
Lease Term: 5 year lease with 5+5 year options
Income: $62,100* per annum
Building area*: 85m2
Tenancy 3 - 365 Plus
Lease Term: 7 year lease with a further 5+5+5 year options
Income: $80,595.84* per annum
Building area*: 95.7m2
Tenancy 4 - Urban Express Tobacconist
Lease Term: 5 year lease with a further 5 year option
Income: $30,000* per annum
Building area*: 57.1m2
Tenancy 5 - Pisces Floral Studio (SOLD)
Lease Term: 3 Year lease with 3+3 year options
Income: $26,000* per annum
Building area*: 48.9m2
TOTAL COMBINED ANNUAL INCOME $442,769 per annum*+ GST + Outgoings (if purchased in one line)
For further information contact the marketing agents
Dom Gibson 0409 366 941 or James Latos 0437 537 957
In conjunction with Allard Shelton
Map & Direction
Melbourne Acquisitions is led by Dominic Gibson; a fully licensed estate agent and qualified auctioneer with over 10 years experience in sales, leasing and property management.
James brings with him a wealth of knowledge of the legal intricacies affecting vendors and investors alike. This, combined with a tireless work ethic and an unwavering desire to get the best results for his client’s ensures that clients are provided with a premium level of service and that no stone is left unturned in pursuit of their goals.