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.