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

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.

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School catchments

Ozford College - Ozford College Campus Secondary Independent 0.24km
Ozford College Secondary 10-12 Independent 0.24km
Stott's Colleges Secondary Independent 0.28km
Holmes Grammar School Secondary Independent 0.47km
University High School-Londsdale Street Campus Secondary Government 0.63km
Eltham College - Lonsdale Street Campus Combined Independent 0.63km
Academy of Mary Immaculate Secondary 7-12 Catholic 1.2km
Carlton Gardens Primary School Primary Prep-6 Government 1.2km
Haileybury College - City Boys Combined Independent 1.3km
Haileybury College - City Girls Combined Independent 1.3km
Mount Alexander 7-12 College-River Nile Campus Secondary Government 1.5km
Simonds Catholic College Secondary 7-12 Catholic 1.5km
Sacred Heart School Primary Prep-6 Catholic 1.5km
Victorian College Of The Arts Secondary School Secondary 7-12 Government 1.8km
Carlton Primary School Primary Prep-6 Government 1.8km
Fitzroy Primary School Primary Prep-6 Government 1.9km
Collingwood College-Collingwood Alternative School Combined Government 1.9km
University High School Secondary 7-12 Government 2.0km
Victorian School Of Languages Combined Government 2.1km
St Joseph's School Primary Prep-6 Catholic 2.1km
North Melbourne Primary School Primary Prep-6 Government 2.2km
South Melbourne Primary School Primary Prep-6 Government 2.2km
Collingwood College Combined Prep-12 Government 2.3km
Docklands Primary School Primary Prep-6 Government 2.3km
Melbourne Grammar School - Wadhurst Campus Combined Independent 2.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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