Ground/38 Albermarle Road, Kensington

Retail - Shop

FOR SALE BY EOI Closing 31 October

Iconic Ground Level Retail Investment ~ High Anticipated Yield of Circa 7%*

Quinn Property Co is proud to present this exceptional retail investment For Sale By EOI closing Friday 31 October at 12 noon.

Key Investment Highlights include:

- Blue Chip Tenancy:
This property is secured by a head lease with Assemble (MRK Cassette Pty Ltd), featuring a remaining term of four years along with two additional five-year renewal options, providing stability and reliability for investors.

- Stunning Design:
Discover a light-filled hospitality venue featuring bespoke interiors by Six Degrees Architects, all framed by a beautifully restored Art Deco façade designed by the acclaimed architect Harry A Norris.

- Zoning:
Located in a mixed-use zone allowing for the sale of food, beverages, and grocery under lease.

- Sustainability:
Operationally carbon-neutral design, focusing on 100% electric operations and incorporating energy-efficient building systems.

- Exceptional Features:
This iconic 2022-built property showcases an excellent main street position within a vibrant 73-apartment development, offering a fully fitted and currently operational hospitality space perfect for a secure investment.

- Growth Corridor:
Strategically situated opposite a new 362-unit apartment project and close to the "Local Kensington" development, which includes 477 additional residences, plus another 400 apartments in the pipeline – a clear indicator of future growth.

- Connectivity:
Only 3km from Melbourne's CBD, ensuring easy access to the city.

- Accessibility:
Benefit from excellent public transport links, close proximity to Kensington Village, and major road networks.

-Opportunity:
This is a rare chance to invest in a high-yielding asset with stable income in a high-growth neighbourhood in Melbourne's inner northwest. Don’t miss out on this exceptional investment opportunity!

For more information or to schedule a viewing, please contact the exclusive agents:
Quinn Property Co. ~ Marcus Quinn 0439 328 0...