Tiga Commercial exclusively presents the opportunity to purchase Level 1, 118 Franklin Street, Melbourne with the following key investment highlights:
- A strata retail investment with convenient direct access via ground floor enjoying major signage exposure to growing foot traffic
- Leased to‘ProSkin Lab Aesthetic Medicine’, a Beauty Salon & Spa operator returning approx. $51,637.44 p.a.
- Newly signed lease commenced 20 April 2022 with a 5-year lease term with one (1) further term of five (5) years
- Total lettable area of approx. 108sqm
- Strategically positioned in Melbourne’s highly desirable residential development precincts, neighbouring landmark Build-To-Rent apartment projects, as well as the QVM precinct Renewal Project, bolstering future pedestrian foot traffic
- Walking distance to Queen Victoria Market, RMIT, and Elizabeth Street eateries
- Public transport options include Elizabeth Street tram routes, Queen Street bus routes and a 5-minute walk to Melbourne Central Station
- Opportunity to purchase car parking spaces separately
For Sale via Expressions of Interest
*Approximate
