Stonebridge Property Group is pleased to present for sale 246 Dorcas Street, South Melbourne.

Key highlights include:

• Set and forget city fringe investment tenanted to Reef Galleria, a high-end and well-regarded custom aquarium specialist + cafe
•  Providing annual income of $63,272 + GST + Outgoings through a brand new 3-year lease
• The strategically positioned 100 sqm* shop benefits from excellent corner exposure, includes an extensive, high quality fit out and one on-title car park
• In addition to a vast in-store retail offering, Reef Galleria also provide aquarium maintenance and installation services – further expanding revenue potential
• The established operator has built up a strong Facebook following of over 3,100 customers & a high 4.9/5 star rating.
• The property benefits form 24/7 foot traffic being conveniently bookended between the retail backbone of South Melbourne (Clarendon Street) and the famed South Melbourne Market
• Comprising the corner position within the ‘Jewel South Melbourne’ development – designed by award winning Hassell architects
• Strong potential investment returns of circa 6% – well above South Melbourne residential investment returns of 2%-3%

*Approximately

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.