Lemon Baxter is pleased to present for sale 87-91 York Street, South Melbourne via expression of interest, closing Wednesday 22nd May 2024 at 12pm.
Upcoming inspections:
+ Wednesday, 8th May: 1:00pm 1:15pm
+ Friday, 10th May: 12:00pm 12:15pm
| Land area 360sqm*
| Building area 530sqm*
| Frontage 14.2m* to York Street
This offering presents a compelling opportunity to acquire a well-located and income-producing commercial property in South Melbourne, boasting a unique history having been owned by one family.
87-91 York Street has been proudly owned by the same family since its inception. This enduring ownership signifies the property's consistent value and potential. The building's history is intertwined with the family's story, adding a layer of character to this already attractive investment.
The two-storey brick building boasts a total building area of 530sqm* on a substantial land area of 360sqm*, providing ample space for a variety of commercial uses. With a prominent 14.2-meter frontage on busy York Street, the building enjoys excellent visibility and exposure.
Its prime location places the property within walking distance to many local highlights, major arteries, local transportation network, ensuring easy access and connectivity.
| South Melbourne Market - 5 minutes* walk
| Tram access along Clarendon Street
| West Gate Freeway/City Link access - 400m*
| Direct access to Kings Way
| Southern Cross Train Station - 1.5km* via Clarendon tram line
| Melbourne CBD - 1.5km*
The property has a well-established rental history, consistently generating income for the current owners. It currently delivers approximately $109,272* net per annum, providing a strong return on investment.
| Ground Floor tenant is vacating, which presents an exciting opportunity to secure a new tenant and potentially adjust the layout to suit their specific needs.
| First-floor tenancy provides stable income until October 31st, 2025.
For further information regarding this prime property or to arrange a private inspection, please contact our exclusive appointed agents at Lemon Baxter.
Paul O'Sullivan - 0412 410 366
Hans Fan - 0401 882 621
*Approximately
