339 Ferrars Street, South Melbourne, VIC 3205

Retail | Offices | Development/Land

For Sale Price on application

Auction: Wednesday, Feb 26, 12:00 PM

  • Property ID: 356034
  • Floor Area: 510m²
  • Land Area: 237m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
ULTIMATE ADD VALUE AND OCCUPY OPPORTUNITY WITH 23+ METRES FRONTAGE

The most exciting Mixed Use site in the Albert Park vicinity with possibly the best garage in the area housing 6-7 cars.
A rare opportunity to obtain high income streams from 5 current tenancies (including Optus) and occupy part or increase income immediately whilst planning for refurbishment or redevelopment STA. Great residential potential (sta).
Multiple bathrooms and kitchenette facilities with a full kitchen and 2 renovated bathrooms in the top floor apartment/office for private use.

Overlooking St Vincent Place gardens, a stroll to Albert Park Lake, shops, parkland and MSAC with the light rail to the city adjacent.

Current income $111,000 pa approx, with immediate potential for $160,000 pa or more (est) as is.

Note - garage and top floor predominantly vacant possession.
Land 237 sqm Building 510 sqm (approx).

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $284 ---
Offices $5265 $574 10.90%
Retail $5633 $472 8.38%
This is the average advertised price, rent and yield for South Melbourne, VIC 3205*

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

Days on Market data for Retail 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:

  • 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™.
  • 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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