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Medical For Sale found in NORTH MELBOURNE, VIC 3051


Investment | Offices | Medical

Prominent two-storey brick office building comprising two ground floor retail/office units and two first floor offices. A rear interconnected warehouse building comprises of car parks for nine vehicles (four tandem spaces and one individual space). Entry to the car park is via Jones Lane from Leveson Street. There is also side access from the west via a road from Haddows Lane. Each office offers male and female amenities, kitchenette and air-conditioning.
Building Comprises
Car Park: 271 msqr
Ground Floor: 325 msqr
First Floor: 226 msqr
Stairs/Foyer: 43 msqr
TOTAL BUILDING AREA: 865 msqr (approx)
The property has the following approximate site dimensions;
Frontage to Queensberry Street: 15.70 msqr (approx)
Site Area: 627 msqr (approx)
The property is fully leased to 4 separate tenants including, North Melbourne Chiropractic Clinic, North Melbourne Legal Service, Architecture Matters and Buro Architecture.
The total passing net income is approximately $159,440 per annum.
The property is under mixed use zone under the Melbourne Planning Scheme.
Please contact Martin Smyth - 0411 744 000

Read more
Price: Contact Agent    Building: 865m²    Occupancy: Tenanted


Suburb Summary - North Melbourne, VIC 3051

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $4011 $371 9.25%
Retail $225
Industrial $399
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.

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