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Russell's Corner Gems: High-Yield Investment Opportunities
Ray White Burwood is pleased to offer to the market for sale on the entire Level 2 of central Melbourne CBD corner of Bourke Street and Russell Street. Located above Hungry Jacks on the bustling Bourke Street with approx. 11,644 people walking by on average each day equalling to approx. 4,250,060 people per year, the property is within walking distance to Chinatown, trams, trains & Swanston St.
With over 15 years of consistent rental success, this remarkable space is currently leased to two thriving businesses-a renowned beauty salon and a popular hair salon. Located in a prime location, this property offers an exceptional investment opportunity. The long-term success of these businesses is a testament to the high demand in the area and the loyal customer base they have cultivated over the years.
Imagine the potential for ongoing revenue and growth as you step into this well-established investment. Benefit from the stability and profitability that comes with a property that has a proven track record.
Key attributes of this property:
- Floor area 153 sqm
- Favourable zoned Capital City Zone (CCZ2)
- Affordable investment or owner occupy opportunity
- High exposure corner of Bourke St & Russell St
- Superior foot traffic
- Annual Rental Income $51,973.45 plus GST plus outgoing
- Well established business over 15 years
- 3 year lease till 2027 + 3 year optional
- Strong yield
With over 15 years of consistent rental success, this remarkable space is currently leased to two thriving businesses-a renowned beauty salon and a popular hair salon. Located in a prime location, this property offers an exceptional investment opportunity. The long-term success of these businesses is a testament to the high demand in the area and the loyal customer base they have cultivated over the years.
Imagine the potential for ongoing revenue and growth as you step into this well-established investment. Benefit from the stability and profitability that comes with a property that has a proven track record.
Key attributes of this property:
- Floor area 153 sqm
- Favourable zoned Capital City Zone (CCZ2)
- Affordable investment or owner occupy opportunity
- High exposure corner of Bourke St & Russell St
- Superior foot traffic
- Annual Rental Income $51,973.45 plus GST plus outgoing
- Well established business over 15 years
- 3 year lease till 2027 + 3 year optional
- Strong yield
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Due diligence checklist for home and residential property buyers.