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608/10 Yarra Street
South Yarra VIC 3141
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608/10 Yarra Street South Yarra VIC 3141

  • Offices
  • 55 m²
  • Sold

OUTSTANDING SOUTH YARRA OFFICE INVESTMENT

- Secure lease to national tenant
- Area: 55m2 fully-fitted office suite
- 5 5 year lease commenced 1 April 2007
- 4% annual increases

Invest in South Yarra's booming commercial precinct by acquiring this small suite in a premium new building. Securely leased to Walton Construction on a 5 5 year lease, which commenced on 1 April 2007, the tenant has provided a director's guarantee as well as a security deposit. The lease contains fixed 4% annual increases, with a market review at the commencement of the second term.

The current rent is $20,800 pa GST, with the tenant responsible for all outgoings. The suite is also complemented by two (2) basement car parks.

It is one of the only suites available for sale in this impressive building, which boasts the head offices of Walton Construction & Umow Lai Architects. There are well-appointed kitchen facilities and toilets (one with shower) in the lift lobby of the floor.

The area adjacent to South Yarra train station (commonly known as Forrest Hill precinct) has undergone significant redevelopment in recent years, with further major projects in the pipeline. This has made the precinct very popular with office users and provides great scope for future capital growth from an investor's perspective.

This suite offers an ideal opportunity for an investor to gain exposure to a burgeoning suburban office market, which enjoys fantastic amenity (Toorak Rd/Chapel St cafes) and proximity to transport (rail system & CityLink).

The building is located on the eastern side of Yarra Street, in between Toorak Road and Alexandra Avenue, South Yarra.

It enjoys close proximity to public transport, CityLink freeway network, Chapel Street, Yarra parkland and Church Street, Richmond.

Call grayjohnson to discuss this property in detail or your requirement in general. If this office does not suit, we are sure to be able to assist you with something that will.

*Note: Adjoining suite (suite 601) is also available for sale, fully-furnished with vacant possession. Previously leased at $66,000 pa.

Property Highlights

Floor Area55 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2009822628
Category
Last updated  17 Feb 2010
Map for 608/10 Yarra Street South Yarra VIC 3141

Property Highlights

Floor Area55 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2009822628
Category
Last updated  17 Feb 2010

Listed by

Matt Hoath
Matt Hoath
Gray Johnson
Call
0418 543 714

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