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Sold on 6 May 2019

114 Berkeley Street Carlton VIC 3053

  • Retail
  • 415 m²
  • Sold

Premier Development Opportunity with Income in University Precinct - UNDER OFFER

** Under Offer **

CVA Property Consultants are proud to offer 114 Berkeley Street, Carlton for private sale.

Boasting a frontage of 25 metres* to Berkeley Street, this prime Carlton freehold offers the potential to future develop to a height level of 40 metres*. Uses include student accommodation, hotel, commercial or residential development (STPA) under its sought after Capital City Zoning, in the heart of Melbourne's University precinct.

This stylishly refurbished single level brick building of 415m2* with rear ROW lane access is currently leased to Coffee Roasters.

Investment Summary

Commencement:<span style="white-space: pre;"> </span>1st November 2018

Term:<span style="white-space: pre;"> </span>Five (5) years with no further options

Rental:<span style="white-space: pre;"> </span>$103,250.00 per annum net plus GST and outgoings

Reviews:<span style="white-space: pre;"> </span>4% annual reviews

Enjoying the convenience of this city fringe suburb, the property is situated within walking distance from a multitude of transport services including Elizabeth Street Trams, Flagstaff & Melbourne Central Train Stations and various bus links. Other benefits include the $250 million Queen Victoria Market upgrade and the $11 billion Metro Rail Project with the development of State Library Station and Parkville Station set to enhance access to Melbourne's education and health precinct.

For further information please contact CVA Property Consultants.


Property Highlights

Property ID2014765729
Date Sold6 May 2019
Floor Area415 m²
Land Area415 m²
ParkingAsk Agent
Last updated  24 Apr 2019
Map for 114 Berkeley Street Carlton VIC 3053
Map for 114 Berkeley Street Carlton VIC 3053114 Berkeley Street Carlton VIC 3053
CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

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