Absolute Prime Melbourne CBD Retail and Office Investment - For Sale

SOLD

222-244 Bourke Street

Melbourne VIC 3000

Retail

FOR SALE

21190m2

    • Building Name The Target Centre
The Target Centre - 222-244 Bourke Street, Melbourne

- Fully leased Melbourne CBD retail centre comprising Target plus 20 specialties and office investment totalling 21,190sqm (approx.) over 6 levels

- Highly secure tenure via new 20 year lease to Target together with long term leases to Jetstar and Monash College

- One of the best performing Target stores in Australia

- Significant main trade area of 552,070 persons with above average growth of 1.5% p.a. until 2021 (Source: Pitney Bowes Business Insight)

- High traffic location positioned in the heart of Melbourne’s bustling retail core

- Massive street frontages to Bourke Street and Little Bourke Street

- Fully leased net income $6,390,000 p.a. (approx.) as at 1 September 2011

- Significant landmark site of 5,748sqm (approx.)