163 - 165 Lygon Street, CARLTON

PRIME LYGON STREET FREEHOLD

CARLTON
AUCTION
Thursday 17th of June at 3:00pm on site

PRIME LYGON STREET FREEHOLD

163 - 165 Lygon Street
6 - 8 Argyle Place North

Inspections: Thursdays 11:00am - 11:30am

Comprises two buildings, two titles, and two established tenants, both with short term leases.

Total Net Return (as of 27 June 2010) $99,840

163 Lygon Street
Frontage of 6.1m, Land area 130m2, Building NLA 171m2
Tenants: T/A Casa Del Gelato
Lease Expires: 27/06/2011, no option terms,
Net Rent: (as of 27/06/2010) $77,796pa + GST

6 - 8 Argyle Place North
Frontage of 10.1m, Land area 64.4m2, Building NLA 101m2
Tenant: DEA Australia P/L
Lease Expires: 28/02/2011, no option terms,
Net Rent: $22,044pa + GST

Total Building Area: 272m2
Total Land Area: 194m2

NOTE: Prominent location adjacent to Piazza Italia Argyle Square Gardens, just a stroll to Melbourne University, Exhibition Building & the Melbourne Museum.

Terms 10% Deposit with Balance 30/60 Days

For Inspection & further details contact Damien Shiel 0419 394 999