101, 70 River Street, South Yarra, VIC 3141

Offices

For Sale

  • Property ID: 442277
  • Floor Area: 494m²
  • Occupancy: Tenanted
A 6% YIELDING INVESTMENT IN PRESTIGIOUS SOUTH YARRA.

POINT OF INTEREST:
Step into this luxury investment nestled in the prestigious heart of South Yarra.
Occupied by esteemed investment advisory company 1010 Capital, this property receives an annual return of $210,000.00 with a desirable five year lease.

Boasting a corner position, this A grade property comprises 494sqm* of building area and greets you with an lavish ground floor entrance with 5 metre* high ceilings and meticulously designed office space.
With recent new office developments within South Yarra and Cremorne achieving between $14,000psm - $17,000psm and 101/70 River Street available in the $7,000psm range this is undoubtably the best value commercial property in inner city.

The occupiers indulge in a work life balance with multiple balconies and terrace areas providing serene retreats. Convenience is key with on grade parking areas and additional storage located in the basement.

South Yarra's allure lies within its unparalleled blend of commercial sophistication and residential charm. Enjoy seamless access to Toorak Road and Chapel Street, renowned dining, upscale shopping and a mere 2km* commute to the CBD.

- 494sqm* of building area
- $210,000.00 per annum plus outgoings
- 5 year lease term
- Esteemed tenant 1010 Capital
- 3 onsite car spaces

POINT OF VIEW:
Elevate your investment portfolio with a South Yarra postcode - where luxury meets lucrative returns.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: Five ( 5 ) years
  • Rent Review: 3%
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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