129-131 Market Street, SOUTH MELBOURNE VIC 3205
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- 9 Dec 2016
Superb Corner Investment With Upside
Savills and M.G.O'Halloran are delighted to offer For Sale by Auction this fantastic corner investment, with significant future development upside.
Key attributes of this property are:
- Prime corner land holding of 493sq m*
- Quality existing building of 450sq m*
- Three street frontages totalling 51 metres*
- Commercial 2 Zone
- 5 year lease in place to national tenant â€“ Pedders (expiring December 2018 â€“ no options)
- Current Net Rental: $68,640p.a. + O/Gâ€™s + GST
- Fixed 4% rental increases
- Magnificent location between City Road and Cecil Street, surrounded by South Melbourneâ€™s best amenity including South Melbourne Market and bustling Clarendon Street
- A fantastic opportunity, providing a full range of investment, owner-occupation and redevelopment opportunities
- An ideally located corner landholding with significant redevelopment potential!
129-131 Market Street, South Melbourne is For Sale by Public Auction on Friday 10 July at 12 noon on-site.
For further information, please contact:
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Martin O'Halloran - 0417 545 344
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
129-131 Market Street SOUTH MELBOURNE