16/51-55 City Road, Southbank, VIC 3006

Offices | Medical | Other

Sold $1,100,000

  • Property ID: 399390
  • Floor Area: 204m²
  • NBN Availability: Service Available - Fibre to the building (FTTB)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 204m2 N/A N/A
Premium Investment Opportunity

* Sought after office location
* Direct access to Melbourne CBD
* Secure blue-chip investment

ROSIN SMYTH AND PARTNERS PTY LTD is delighted to present this premium investment opportunity perfectly located in one of Melbourne's most renowned commercial and lifestyle precincts.

Currently leased to the well-known and highly respected Vincent Chrisp Architects, this exceptional office not only boasts a secure blue-chip investment opportunity for investors but has the benefit of being surrounded by Melbourne's finest amenities. This includes world-class restaurants and cafes, luxury shopping, sporting facilities and excellent public transport access for both tenants and future owner occupiers.

• Highly sought-after office location in the tightly held Southbank precinct
• Secure lease to the highly regarded Vincent Chrisp Architects
• Direct access to Southbank Boulevard, Melbourne's CBD and St Kilda Road Commercial Precinct
• Walking distance to the Royal Botanic Gardens, Yarra River and Albert Park Lake

TENANCY SCHEDULE
Lessee: Vincent Chrisp & Partner Pty Ltd (long term building occupier)
Lease Term: 3 years commencing 1st November 20219 (lease renewal)
Further Terms: 2 x 3 years
Net Rental: $65772.13 per annum (plus GST) as of 1st November 2021
Fixed Rent Increase: 4% fixed annual increase
Bank Guarantee: Three (3) months' rent plus GST
Outgoings: 100% paid by tenant (except land tax)

Due to the current lack of supply of investment opportunities in the prime City Fringe area, there is no doubt that you'll benefit from this outstanding blue-chip investment, perfect for your self-managed super fund.

*INSPECTION BY PRIVATE APPOINTMENT ONLY*

Southbank Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $302 ---
Offices --- $694 ---
Retail $9217 $343 3.72%
This is the average advertised price, rent and yield for Southbank, VIC 3006*

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

Days on Market data for Offices 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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×