309 Coventry StreetSOUTH MELBOURNE

Positioned in the heart of South Melbourne DIRECTLY OPPOSITE SOUTH MELBOURNE MARKET in this vibrant and progressive location, side and rear laneway access, offering tremendous potential. Solid brick building of five main rooms with huge basement. Currently returning $27,033 pa plus outgoings with annual CPI increases and market review after term. Secure lease until January 2014 with a further 5 year option. Occupied by hairdresser and beauty salon - very stable tenant. Wonderful freehold investment in a fast improving pocket of South Melbourne.