{"id":34374,"date":"2024-01-22T13:17:14","date_gmt":"2024-01-22T05:17:14","guid":{"rendered":"https:\/\/www.raywhitehk.com\/?post_type=commercials&#038;p=34374"},"modified":"2024-02-08T18:22:51","modified_gmt":"2024-02-08T10:22:51","slug":"restaurant-cobden-street-north-melbourne","status":"publish","type":"commercials","link":"https:\/\/www.raywhitehk.com\/en\/commercials\/restaurant-cobden-street-north-melbourne\/","title":{"rendered":"Restaurant &#8211; Cobden Street, North Melbourne"},"content":{"rendered":"\n<p><strong>A Trophy City Fringe Corner With Significant Medium-Term Upside!<\/strong><\/p>\n\n\n\n<p><strong>Location: Cobden Street, North Melbourne VIC 3051<\/strong><\/p>\n\n\n\n<ul><li>1-3 Cobden Street stands as one of Australia\u2019s most attractive city fringe freehold investments with unrivalled fundamentals and a position set for immense growth<\/li><li>The unmissable building enjoys 32 m* of combined corner frontage providing valuable business exposure and an added level of flexibility for future development outcomes (STCA)<\/li><li>100% leased by hospitality institution \u2018Yeonga Korean BBQ\u2019 \u2013 the highly coveted tenant has occupied the property for over a decade, boast a huge following &amp; a 4.5-star rating from 1,200+ Google reviews<\/li><li>The property is leased on a 5-year term with favourable fixed 4% annual increases and currently provides an annual income of $91,248* + GST + Outgoings<\/li><li>Favourable zoning, significant height precedent and potential site access by 2032 provide exciting future development\/land bank opportunities (STCA)<\/li><li>Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion Queen Victoria Market upgrade that is expected to deliver 4000 new jobs and 20,000 new residents \u2013 an exciting driver of retail trade for local business<\/li><li>Positioned on the edge of the CBD grid, just 50 m* from the globally recognized Queen Victoria Markets (that enjoys 10,000,000+ visitors annually) and 650 m* from the Melbourne Central Train Station<\/li><li>Benefiting from one of Melbourne\u2019s most generous zonings (Capital City Zone 5) \u2013 Schedule 61 to the Design and Development Overlay allows for a height limit on the site of 8-levels (24 m*)<\/li><\/ul>\n\n\n\n<p>*This commercial listing item is in conjunctional with Stonebridge Property Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Trophy City Fringe Corner With Significant Medium-Term Upside! Location: Cobden Street, North Melbourne VIC 3051 1-3 Cobden Street stands as one of Australia\u2019s most attractive city fringe freehold investments with unrivalled fundamentals and a position set for immense growth The unmissable building enjoys 32 m* of combined corner frontage providing valuable business exposure and [&hellip;]<\/p>\n","protected":false},"featured_media":34001,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"city":[11],"country":[30],"commercial_status":[261],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/commercials\/34374"}],"collection":[{"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/commercials"}],"about":[{"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/types\/commercials"}],"version-history":[{"count":0,"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/commercials\/34374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/media\/34001"}],"wp:attachment":[{"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/media?parent=34374"}],"wp:term":[{"taxonomy":"city","embeddable":true,"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/city?post=34374"},{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/country?post=34374"},{"taxonomy":"commercial_status","embeddable":true,"href":"https:\/\/www.raywhitehk.com\/en\/wp-json\/wp\/v2\/commercial_status?post=34374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}