Banque 88, 33 Clarke Street, Southbank, VIC 3006

Other

For Sale Contact Agent

  • Property ID: 393497
  • Floor Area: 658m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Unique residential portfolio sale of 14 apartments providing 1 & 2-bedrooms

Banque 88 offers a unique opportunity to acquire a residential portfolio of 14 apartments, plus ground floor retail, situated in the heart of Southbank.
This towering residence features uninterrupted water views next door to the Crown Casino in Melbourne.
Banque 88 is easily accessible to public transport in all directions. Within a short stroll, Melbourne’s bustling city centre, the landmark Flinders Street railway station and various tram stations.
- 7-1 bedroom and 7-2 bedroom apartments, plus ground floor retail unit
- Fully fitted, providing Built in Robes and En-Suite bathrooms
- BOSCH appliances, reverse cycle air conditioning/heating, video security entrance
- Portfolio currently returning c.$167,484 per annum
- Potential to increase income to c.$239,000 per annum
- Total internal area 658.90sqm plus 33.40sqm external areas (approx.)
- Potential for stamp duty waiver for unsold development stock
Offering a choice of contemporary and classical colour schemes and living spaces that are clean and light-filled. Fully fitted kitchens are equipped with dishwasher, four-burner cooktops, fridge and microwave space, glass splashbacks and stone benchtops.
Carpeted bedroom and living areas complement tiled floors in kitchens and bathrooms. All apartments feature laundry areas, double-glazed windows, bronze sliding wardrobe doors, semi-frameless showers and surface mounted light fittings, with downlights in the kitchen and bathrooms.
For further information, please contact the Exclusive selling agents;
Marcus Neill
0452 405 782
Marcus.neill@cushwake.com
Lukas Byrns
0423 791 126
Lukas.byrns@cushwake.com

Southbank Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $168 ---
Retail --- $407 ---
Offices --- $706 ---
This is the average advertised price, rent and yield for Southbank, VIC 3006*
* 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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