Delightful retail and office building in the heart of South Melbourne (almost the corner of Clarendon and Coventry Streets).
Secure commercial investment and boasting a strong presence with 2 separate tenancies and returning over $80,000 net per annum. returning plenty of natural light, open plan and partitioned offices, wide 7.5m retail frontage, high ceilings, unisex amenities including shower. Circular staircase, studio areas and common use courtyard. Off street parking available for 3 cars in tandem.
Ideally situated enroute to and from Melbourne's CBD and Southbank, with public transport at the door and easy access to major arterials this classic double storey premises with a building area of approximately 265sqm.
Ground Floor Retail 103.6sqm
Lessee - Issimo
Rental -$42,584.04pa plus GST net
Commencement - March 2005
Terms of Lease - 5 year term plus 1 further term of 5 years
First Floor Office 158sqm
Lessee - Christopher Vine Design
Rental - $37,523.64pa plus GST net
Commencement - January 2007
Terms of Lease - 3 years plus 1 further term of 3 years
Zoned Business 1
Building Area 261.6 sqm
Land area 217sqm
South Melbourne's business and retail sectors are experiencing unprecedented growth, with a range of mixed use developments such as the Clarendon Centre, the Spotlight development and the refurbishment of South Melbourne Market recently completed and opportunities like that on offer at 257 Coventry St are an increasingly rare commodity.
To capitalise on this outstanding growth call now to inspect.