27-31 King Street, MELBOURNE VIC 3000
Expression of Interest
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- Offices, Retail
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- 9 Dec 2016
Stunning CBD Investment
Savills is delighted to offer for sale this stunning CBD freehold building located at 27-31 King Street, Melbourne, that presents immaculately throughout.
This magnificent seven level office and retail building is ideally located in the high growth west-end of Melbourneâ€™s CBD.
The key attributes of the property include:
- A classically styled seven level office and retail building in excellent condition
- Building Area of 2,550sq m*
- 98% leased to a range of high quality tenants
- Newly refurbished building with a new lift and air conditioning that presents immaculately throughout
- High profile land holding of 361sq m*
- Outstanding natural light with central void providing four sides of light
- Fully leased net income: $926,117 per annum*
- A fantastic location within the high growth west end of the CBD close to Collins Street and Crown Casino
- A very rare opportunity to secure a CBD freehold building with strong upside potential!
The opportunity to secure high calibre CBD freehold buildings of this nature is very rare, especially when you consider the prime location, leased to high quality tenants and exceptional future growth potential.
Accordingly we encourage prospective purchasers to actively consider this excellent opportunity.
The property is For Sale by Expressions of Interest closing Wednesday 26 November at 2pm.
For Further Information please contact:
Nick Peden â€“ 0402 011 266
Clinton Baxter â€“ 0413 569 888
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
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27-31 King Street MELBOURNE