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Sold on 20 May 2019

557 Little Lonsdale Street Melbourne VIC 3000

  • Offices
  • 147 m²
  • Sold

PRIME LEGAL PRECINCT INVESTMENT WITH FUTURE UPSIDE

Colliers International is pleased to present a rare opportunity to purchase 557 Little Lonsdale Street, Melbourne with the following key attributes:

- Exceptional street fronting modern retail office of 147m²* across two levels
- New 5 x 5 x 5 x 5-year net lease commencing 1 March 2019
- Net Income of $145,860.70* per annum + GST + Outgoings
- Fixed rental increases of 5.00% per annum
- Underpinned by strong covenant to blue-chip real estate tenant, NPM (National Property Management Ltd)
- Striking office accommodation featuring reception, meeting rooms, boardroom, kitchen and storage with significant depreciation benefits
- Future upside and flexibility for hospitality / medical / retail repositioning (STCA) with all service connections & extraction infrastructure included
- Strategically positioned within the heart of Melbournes Legal Precinct, surrounded by the Courts, excellent tenant amenity, numerous high-density residential tower projects
- Outstanding access from arterials and within close proximity to all forms of public transport including Flagstaff train station and tram routes along William, Bourke and La Trobe Streets
- Perfect Self-Managed Super Fund (SMSF) acquisition

For Sale by Expressions of Interest closing Wednesday 8th May 2019 at 12.00pm AEST

To arrange an inspection or for more information please contact the exclusive selling agents:

Chris Ling +61 419 294 346

Anthony Kirwan +61 431 952 430

David Sia +61 430 111 223

This property is proudly marketed by the Melbourne City Sales team (MCS).

EXPRESSION OF INTEREST

Closing date and time08/05/2019 12:00
Recipient nameChris Ling
Delivery addressLevel 30, 367 Collins Street, Melbourne

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015126460
Date Sold20 May 2019
Floor Area147 m²
Land AreaAsk Agent
ParkingOn site parking available
Category
Last updated  5 Feb 2020
Map for 557 Little Lonsdale Street Melbourne VIC 3000
Map for 557 Little Lonsdale Street Melbourne VIC 3000557 Little Lonsdale Street Melbourne VIC 3000
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Our partners at Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Colliers International Melbourne
Level 30/367 Collins St Melbourne 3004 VIC 3004

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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