Signage on Melbourne's busiest corner for Burgess Rawson auction

Signage on Melbourne's busiest corner for Burgess Rawson auction
Signage on Melbourne's busiest corner for Burgess Rawson auction

A rare Melbourne signage property with secure rental has been listed for August 5 auction.

It is located overlooking the corner of Swanston and Flinders Street, Melbourne's busiest intersection and opposite Flinders Street Railway Station.

It comes with new $1 million plus state-of-the-art digital signage upgrade at 7/238 Flinders Street.

There was a recent renewal for 15 years + 9 year lease to 2039 to Digital Outdoor Media (VIC) Pty Ltd, a leading Australian marketing company.

There will be annual CPI and 5 year market reviews with tenant paying all usual outgoings.

It comes with view and access agreement with adjoining property.

It's rent is $357,000 pa, with Burgess Rawson agent Graeme Watson advising its high yield anticipation circa 10%.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Auction Signage

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