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Overview
6.5% YIELD - PREMIER LIQUOR INVESTMENT IN THE ALFRED PRECINCT
This property represents a premier investment opportunity located at 7 & 7A Commercial Road in Melbourne's tightly held Alfred Hospital Precinct. It features a dominant ground floor showroom space that benefits from high visibility and strategic positioning within a sought-after commercial zone.
The current net income generated from this investment is approximately $146,352 per annum, supported by a long-term lease agreement spanning seven years. The lease includes fixed annual rental increases of 4%, ensuring consistent and reliable income growth over the term.
Strategically, the property is positioned to capitalize on continuous trade activity servicing The Alfred Hospital seven days a week, as well as the surrounding St Kilda Road apartment and office buildings. This location benefits from significant daily traffic exposure, with an estimated 41,000 vehicles passing nearby each day, enhancing the property's commercial appeal.
The tenant, Bottlemart, is one of Australia's largest retail liquor brands, operating over 700 stores nationwide. This association provides a strong and reputable tenant profile, contributing to the investment's stability and attractiveness.
Accessibility is a key feature of this location, with proximity to the Commercial/St Kilda Road tram stop and the new Anzac Train Station Metro Tunnel, facilitating convenient transport options for customers and staff alike.
Overall, this property offers a high-profile, secure investment with excellent income potential and growth prospects within a prime commercial precinct of Melbourne.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Melbourne VIC 3004
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 170 m² |
Market Insights for Melbourne VIC 3004
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