301, 70 River Street, South Yarra, VIC 3141

Offices

For Sale

  • Property ID: 437306
  • Floor Area: 234m²
  • Occupancy: Tenanted
WHOLE FLOOR INVESTMENT WITH A 3141 POSTCODE.

POINT OF INTEREST:

While others are interested in the postcode, astute investors have recognised the seismic and strategic opportunity in seizing a long term tenanted whole floor investment.
Suite 301 comprises 234 sqm* and returns $97,850 per annum on a five year lease term to BWA Accountants and Advisors. And no one’s surprised why they’ve set up shop here. There is an open-air entertaining area, high bay windows and ceilings, lift access, and a contemporary design, but the most compelling unique selling point is what sits outside the office. River Street sits moments from Toorak Road, Chapel Street, and the Como Centre — pointing to an enviable work lifestyle where amenity is of the highest calibre. Parking is key with secure undercover car parking allocated, but across the road offers an additional 600 car spaces.

- Leased to BWA Accountants & Business Advisors
- $97,850.00 per annum
- 234 sqm* in total building area.
- 2 allocated car spaces.
- Mixed use building comprising 3 levels of office and 3 levels of high - end apartments.
- Substantial depreciation benefits.
- 150 m* to Chapel Street.

POINT OF VIEW:
South Yarra hasn’t stopped booming for a decade. And with a standard of office like this rivalling the premium location, there isn’t a more sound (or lucrative) move on the market.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Negotiable
  • Lease Term: Five ( 5 ) years
  • Rent Review: 3%
  • Car Spaces: 2 onsite
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Polished Concrete / carpet
  • Lifts: Yes
  • Age: circa 2020
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $561.16
  • Land Tax: $3,215.00
  • Council Rates: $5,984.65
  • Owners Corp. / Insurance: $12,027.48
South Yarra Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $1097 ---
Offices $8198 $715 8.72%
Retail $10549 $558 5.29%
This is the average advertised price, rent and yield for South Yarra, VIC 3141*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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