Stonebridge Property Group are pleased to introduce 1 O’Connell Street, North Melbourne for sale via Public Onsite Auction Friday 6th August 2021 at 12.30pm (AEST).

– Located in a dense pocket of North Melbourne with excellent surrounding amenity including Queen Victoria Market (50m*) and Melbourne favourites Koko Black, Fresh Food Market, Market Espresso, Market Lane Coffee (130m*) and Celebrations (10m*)

– Strong trading tenant returning $34,320* (net) per annum with 4% rental increases

– Leased to a strategic tenant well-suited to the highly populated area, offering a dine-in or take away service. Braised Ducky Lee can be found on all major food delivery apps including Uber Eats and Door Dash

– Well designed retail space with front and rear access allowing for seamless trade whilst receiving incoming/outgoing deliveries

– Forthcoming development in the precinct will continue to drive dine-in and notably takeaway trade. These include The Southern development site, Munro development site (boutique hotel, apartments for long term rental & complementary hospitality and retail stores), and Central Club development (8 levels)

– Easily accessed via public transport notably tram (150m*) and the Melbourne Central Train Station (575m*)

– Immediate proximity to the Melbourne Central Business district (350m*) provides exciting future capital growth prospects and the potential for strong rental growth

*Approximately

1 O’Connell Street, North Melbourne is for sale via Online Auction – PLEASE CONTACT STONEBRIDGE PROPERTY GROUP AGENTS.

Max Warren
0488 296 892

Nic Hage
0448 782 594

Property Code: 269