Sutherland Farrelly in conjunction with Mulcahy Butera are delighted to offer for sale 123-133 Peel Street, North Melbourne.
On offer, a 2 level Office/Retail premises with short-term income and a Mixed Use Zone.
The particulars are summarised as follows:
Land Area - 557* sqm Peel Street Frontage: 28.42* metres Western Boundary: 28.47* metres Southern Boundary: 18.64* metres Northern Boundary: 18.93* metres
Building Area - 716* sqm 2 level office/retail divided into 3 tenancies, with the two ground floor premises separately occupied and a vacant upper-level office. Built in the early 1970s, the building is predominantly brick in construction, with a metal roof and parking is accessed via the ROW to an allocated area at the rear.
The tenancy details are:
123 125 Peel Street, North Melbourne Area 87 sqm* Tenancy Master Badminton Lease Term plus Options - 3 Years + 3 years Commencement Date 15 February 2020 Current Rental - $42,407.04 per annum + GST Rental Review 4% annual review Estimated Outgoings - $6,045 per annum
133 Peel Street,North Melbourne Area 150 sqm* Tenancy Gnosis Enterprise Holdings Pty Ltd Lease Term plus Options - 3 Years + 3 years Commencement Date 1 July 2019 Current Rental - $44,220 per annum + GST Rental Review 4% annual review Estimated Outgoings - $4,100 per annum
LOCATION The property is located on the western side of Peel Street, between Victoria Street and Queensberry Street. Undoubtedly, its 'city fringe' location on the doorstep of Melbourne's CBD and the world-renowned Victoria Market precinct provides an unparalleled location and enormous mixed use development upside (S.T.C.A.). Public transport is available via a bus route and tram service along Queensberry and Victoria Streets with Melbourne's Education and Health Services Infrastructure a walk away from the property.
TERMS OF SALE The property is offered For Sale by Expression of Interest (EOI), with a date yet to be confirmed. We are seeking a 10% deposit upon signing the contract with settlement 60 90 days.
MARKETING AGENTS To obtain further information please contact
Mulcahy Butera 55 Walsh Street, West Melbourne Vic 3003 mulcahybutera.com
David Butera 0424 388 348
Robert Butera 0411 630 036
Sutherland Farrelly 43 Agnes Street, East Melbourne Vic 3002 sutherlandfarrelly.com.au
Paul Farrelly 0418 358 998
Paul Sutherland 0418 360 162
We welcome your enquiry and we look forward to discussing this opportunity further.
