• Outstanding opportunity to acquire a securely leased investment property on one of Melbourne’s busiest and most famous laneways
• Situated on the eastern side of Degraves Street, in between Flinders Street and Flinders lane, this property enjoys one of Melbourne’s pre-eminent retailing positions in the heart of the CBD
• The asset features a new five (5) year lease commencing 15th October 2013
• Leased to established licence café/restaurant Il Tempo
• Returning a current income of $155,000 pa (plus GST)
• Three (3) further options of five (5) years
• Fixed annual increases of 4% pa
• Tenant pays all outgoings (except land tax)

On instructions from Ferrier Hodgson as Agents for the Mortgagee

FOR SALE BY PUBLIC AUCTION
11am Thursday 3 April 2014 on site