114 Berkeley Street, Carlton, VIC 3053

Investment | Other | Development/Land

For Sale Contact Agent

  • Property ID: 315539
  • Floor Area: 415m²
  • Land Area: 415m²
  • Occupancy: Vacant
Premier Development Opportunity with Income in University Precinct - UNDER OFFER

** Under Offer **

CVA Property Consultants are proud to offer 114 Berkeley Street, Carlton for private sale.

Boasting a frontage of 25 metres* to Berkeley Street, this prime Carlton freehold offers the potential to future develop to a height level of 40 metres*. Uses include student accommodation, hotel, commercial or residential development (STPA) under its sought after Capital City Zoning, in the heart of Melbourne's University precinct.

This stylishly refurbished single level brick building of 415m2* with rear ROW lane access is currently leased to Seven Seeds Coffee Roasters.

Investment Summary
Commencement: 1st November 2018
Term: Five (5) years with no further options
Rental: $103,250.00 per annum net plus GST and outgoings
Reviews: 4% annual reviews

Enjoying the convenience of this city fringe suburb, the property is situated within walking distance from a multitude of transport services including Elizabeth Street Trams, Flagstaff & Melbourne Central Train Stations and various bus links. Other benefits include the $250 million Queen Victoria Market upgrade and the $11 billion Metro Rail Project with the development of State Library Station and Parkville Station set to enhance access to Melbourne's education and health precinct.

For further information please contact CVA Property Consultants.

*approx

Additional Information
Features
  • Availability: Upon settlement
  • Zoning: Capital City Zone
  • Suitable Development: Residential, Hotel, Student Accomodtion
  • Permits Issued: No
  • Lease Term: 5 years - no further options
  • Rent Review: 4% annually
  • Car Spaces: No
Outgoings
  • Water Rates: $1,232.81 p.a. plus Water Usage and GST (approx)
  • Land Tax: $43,425.00 p.a. plus GST (appro
  • Council Rates: $15,372.00 p.a. plus GST (approx)
  • Owners Corp. / Insurance: $3,142.69 p.a. plus GST (approx)
  • Other Charges: ESM $160.00 p.a. plus GST (approx)
Carlton Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $540 ---
Offices --- $533 ---
Industrial --- $231 ---
This is the average advertised price, rent and yield for Carlton, VIC 3053*
* 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.
Agency Details

CVA Property Consultants

18-20 Russell Street, Melbourne, VIC 3000

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 114 Berkeley Street, Carlton, VIC 3053. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 114 Berkeley Street, Carlton, VIC 3053. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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