BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:LONG LEASE STATE GOVERNMENT INVESTMENT\nVinci Carbone are deli ghted to present G02\, 512-544 Spencer Street\, West Melbourne - a premiu m city fringe commercial investment securely leased to the Department of Parliamentary Services\, Parliament Victoria\, acting for and on behalf o f the State of Victoria.\n \nThe property comprises a modern 193 m2* grou nd-floor corner commercial premises with a combined frontage of 29.61m* t o Spencer Street & Stanley Street as well as 2 car spaces on-title.\n \nT he investment is underpinned by a new 8-year lease which commenced in Aug ust 2025 plus one further 5-year option\, with fixed 3.5% compounding ann ual rental increases providing strong built-in income growth and long ter m cash flow certainty.\n \nKey Features:\n \n+ Long-term lease to the Sta te Government of Victoria providing investors with exceptional income sec urity\n \n+ 8-Year Lease commencing August 2025 plus one further 5-year o ption\n \n+ Returning $110\,000 p.a. incl Outgoings + GST with fixed 3.5% annual compounding increases\n \n+ Prominent corner commercial premises of 193m2* with exceptional frontage of 29.61m* to Spencer Street and Stan ley Street\n \n+ Brand new government completed fit-out with minimal near -term capital expenditure requirements\n \n+ Two secure on-title car spac es enhancing tenant appeal and long-term leasing flexibility\n \n+ Signif icant depreciation advantages associated with the newly completed fit-out and improvements with low land tax exposure\n \n+ West Melbourne continu es to emerge as one of Melbourne’s premier city fringe investment destina tions\, driven by significant urban renewal\, population growth and ongoi ng infrastructure investment\n \nCombining a secure State Government leas e covenant\, high-exposure corner positioning\, modern improvements and f avourable depreciation benefits\, G02\, 512-544 Spencer Street represents an exceptional opportunity for investors seeking reliable long-term inco me within one of Melbourne’s most rapidly evolving commercial precincts.\ n \nFOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 24 JUNE 2026 AT 4PM\n\n\n*approx DTEND:20260624T160000 DTSTAMP:20260603T074001Z DTSTART:20260624T160000 SEQUENCE:0 SUMMARY:Expression Of Interest: G02/512-544 Spencer Street\, West Melbourn e VIC UID:CRE-2020889492-EOI X-ALT-DESC;FMTTYPE=text/html:< title>

LONG LEASE STATE GOVERNMENT INVESTM ENT
Vinci Carbone are delighted to present G02\, 512-544 Spencer St reet\, West Melbourne - a premium city fringe commercial investment secur ely leased to the Department of Parliamentary Services\, Parliament Victo ria\, acting for and on behalf of the State of Victoria.\n
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The property comprises a modern 193 m2* ground-floor corner commercial premises with a combined frontage of 29.61m* to Spencer Street & Stanley Street as well as 2 car spaces on-title.\n
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The investment is underpinned by a new 8-year lease which commenced in August 2025 plus one further 5-year option\, with fixed 3.5% compounding annual rental in creases providing strong built-in income growth and long term cash flow c ertainty.\n
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Key Features:\n
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+ Long-term l ease to the State Government of Victoria providing investors with excepti onal income security\n
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+ 8-Year Lease commencing August 2 025 plus one further 5-year option\n
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+ Returning $110\,00 0 p.a. incl Outgoings + GST with fixed 3.5% annual compounding increases\ n
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+ Prominent corner commercial premises of 193m2* with e xceptional frontage of 29.61m* to Spencer Street and Stanley Street\n
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+ Brand new government completed fit-out with minimal near-t erm capital expenditure requirements\n
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+ Two secure on-ti tle car spaces enhancing tenant appeal and long-term leasing flexibility\ n
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+ Significant depreciation advantages associated with t he newly completed fit-out and improvements with low land tax exposure\n
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+ West Melbourne continues to emerge as one of Melbourne’ s premier city fringe investment destinations\, driven by significant urb an renewal\, population growth and ongoing infrastructure investment\n \n
Combining a secure State Government lease covenant\, high-e xposure corner positioning\, modern improvements and favourable depreciat ion benefits\, G02\, 512-544 Spencer Street represents an exceptional opp ortunity for investors seeking reliable long-term income within one of Me lbourne’s most rapidly evolving commercial precincts.\n
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F OR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 24 JUNE 2026 AT 4PM\ n
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*approx

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