Big opportunity at Little Collins Street retail kiosk

Mum and dad investors are being offered a rare piece of prime retail real estate in Melbourne's popular Little Collins Street for between $200,000 and $220,000.

Up for grabs is a two square metre retail kiosk, at shop three in Causeway House, which is leased to food and beverage tenant Local Birds. The seven plus five year lease started in June 2009 and returns $14,038 per year plus GST.

The retail shop, at 304-306 Little Collins Street, goes to auction on October 31 through Fitzroys senior manager Charles Emmett.

“This is an outstanding opportunity to secure affordable retail investment in an exceedingly prime and absolutely irreplaceable signature Melbourne location,” said Mr Emmett.