LATE LAST YEAR, Tenders were called for this Hardware Lane property — which closed just before Christmas.
Over the holiday break, negotiations progressed with two parties … without actually concluding a deal.
However, in the process, the Vendor has significantly reduce the price at which he is now prepared to sell.
The 5-level property is fully leased. And on the lower two levels, the Restaurant/Bar has a new 10+10 year lease, from September last year.
As of this month, the NET Passing Rental is $446,885 per annum. Furthermore, the property offers you a good spread of 6 tenancies, and 8 separate titles — including the Air Rights above the building.
Feel free to visit the detailed website.
And if you are interested … give me a call on (0425 791 254) straight away — because both selling agents have now notified their databases of the latest pricing position.
Bottom Line: This offers you a great opportunity to secure a truly classy building, in a bustling precinct of the Melbourne CBD.