309 Coventry Street, SOUTH MELBOURNE

Positioned in heart of South Melbourne in vibrant and progressive location, side and rear laneway access, offering tremendous potential. Solid brick building of five main rooms with huge basement.Currently returning $26,223.48 pa plus outgoings with annual CPI increases and market review after term. Secure lease until January 2014 with a further 5 year option at the tenants discretion. Occupied by hairdresser and beauty salon - very stable tenant. Wonderful freehold investment in a fast improving pocket of South Melbourne.AFFORDABLE TWO STOREY VICTORIAN SHOP WITH LARGE BASEMENT & LOADS OF CHARACTER OPPOSITE SOUTH MELBOURNE MARKET.Inspect during scheduled Saturday & Sunday open times or by appointment with the agent.