Stonebridge Property Group is pleased to present 264 - 266 Russell Street, Melbourne, offered for sale via Public On-site Auction.

264 - 266 Russell Street is a 100% fully leased freehold Melbourne CBD investment.

Key highlights of the property include:

• 100% leased to a well-regarded Malaysian restaurant, Hor Kitchen, boasting a 4.6-star Google rating (177 reviews)
• Fully leased until September 2028 with 4% fixed annual increases, plus one 5-year option
• Providing annual income of $176,800* plus GST + outgoings
• The property is a 2-level freehold building comprising a substantial retail fit-out on both levels and suited for dine-in or take-away
• Prominent 6.1 m* frontage to Russell Street plus rear access via Hayward Lane
• Opposite QV Melbourne, the leading shopping dining and entertainment destination with 120 active retailers, including Coles, Woolworths, BIG W, Harvey Norman, Officeworks, and more
• Within walking distance to major landmarks: the State Library Victoria (150 m*), which attracts more than 2 million visitors annually, RMIT University (250 m*), Chinatown (275 m*) and Melbourne Central (400 m*)
• Tourist visitors within Melbourne's CBD is a growing market, with more than 3.7 million visitors in 2023, and is projected to welcome more than 18 million visitors by 2028**
• Easily accessible to all modes of public transport bottlenecking foot-traffic to the property’s façade – a major advantage for tenant trade
• Favourable Capital City Zone 1 (CC1Z) caters to a wide range of buyers, including investors, occupiers and land bankers

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