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557 Little Lonsdale Street
Melbourne VIC 3000
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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
Colliers International Melbourne
Colliers International Melbourne
Level 30/367 Collins St
Melbourne, VIC 3000

Property Highlights

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

Nearest transport* to 557 Little Lonsdale Street Melbourne VIC 3000

Bus
Train
Tram
King St/Lonsdale St (Melbourne City)100 m
King St/Lonsdale St (Melbourne City)106 m
Spencer St/Lonsdale St (Melbourne City)108 m
Supreme Court/Lonsdale St (Melbourne City)166 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Colliers International Melbourne
Colliers International Melbourne
Level 30/367 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold20 May 2019
Floor Area147 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2015126460
Category
Last updated  5 Feb 2020

Listed by

Colliers International Melbourne
Call
03 96298888

More about 557 Little Lonsdale Street Melbourne VIC 3000

557 Little Lonsdale Street Melbourne VIC 3000 is categorized as Office. It has a floor area of 147 m². The listing ID for this property is 2015126460.

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