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Sold Development/Land found in CBD/ST KILDA RD (METROPOLITAN), VIC

MELBOURNE CENTRAL CBD RETAIL & OFFICE IN...

Development/Land (Hotel/Leisure, Medical, Offices, Residential, Retail) | Offices

Rare opportunity to purchase CBD Investment with vacant 927m2 office. Redevelop the office for your own business or lease for significant further income.

  • Stella CBD location adjacent to Melbourne Central
  • Ideal SMSF investment for owner occupier seeking CBD offices with retail income
  • Two titles to be sold as a single lot. Owner may sell separately.
  • 3 Street frontages
  • 2 titles
  • Land area 651m2
  • Total building area 1,578m2
  • Vacant offices on levels 1 & 2 of 927m2 available for lease
  • Total retail income of ~$180,000 net for a further 5 years with 4% increases.
  • 279 Latrobe 2 level total building Area 750m2 & land area 375m2 (375m2 level 1 office vacant)
  • 283 Latrobe 3 level total building area 828m2 & land area 276m2 (552m2 levels 1&2 offices vacant)
  • Call Glyn Bosisto for Property Report or to arrange an inspection on 0414 304 580

Read more
Sale Price: $2,500,000 - $3,875,000    Building: 750m² - 828m²    Land: 276m² - 375m²    Occupancy: Vacant

REPOSITION AND REALISE THE POTENTIAL

Development/Land (Offices, Residential, Hotel/Leisure) | Offices

MP Burke, in conjunction with Colliers International, is pleased to offer this outstanding refurbishment or redevelopment opportunity - 14 Queens Road, Melbourne.
Uninterrupted views over Albert Park Lake, Port Phillip Bay and the surrounding area are without question the standout benefits of this premier Queens Road location. Situated in the northern end of Queens Road, 14 Queens Road provides an integral connection between the CBD and southern suburbs making it an ideal commercial or residential locale.
14 Queens Road is strategically positioned to capture the diversified amenity offered in abundance St Kilda Road and well known suburbs such as South Melbourne and Albert Park. The countless recreational facilities, retail strips and transport networks surrounding the property make 14 Queens Road appealing as either a commercial or residential proposition.
INVESTMENT HIGHLIGHTS
> Exceptional office refurbishment opportunity or residential or hotel conversion
> NLA of 8,157.70m²* and 120* basement / at grade car bays
> Premier location offering breathtaking views
> Large site of 2,327m²* with two street frontages
> Estimated fully leased net income of $1,743,231 p.a.*
> 0-star NABERS Energy Rating
*approx
FOR SALE BY EXPRESSION OF INTEREST CLOSING THURSDAY 27TH SEPTEMBER 2012 AT 4PM

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Building: 8158m²    Land: 798m²

Suburb Summary -

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

* 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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