63-69 Market Street South Melbourne

$3,455,000

2
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PRIME CITY FRINGE INVESTMENT - FIT FOR PURPOSE!

* Ideal parcel of Commercial 1 Zone
* Positioned in the Melbourne City Fringe
* Income $106,750 p.a. (as of Oct 2019)

Dixon Kestles in conjunction with Colliers International are delighted to offer 63-69 Market Street, South Melbourne for sale by Expression of Interest closing Friday 11th October 2019 at 3.30pm (AEST).

Ideally located in the immediate Melbourne City Fringe positioned between Clarendon Street and the well-known South Melbourne Market is this freehold titled property that has enormous future development potential.

Key investment highlights are as follows:

* Land area - 465 sqm *
* Building area - 619 sqm *
* Zoned Commercial 1
* Fully leased with annual rental of $106,750 (as of October 2019)
* Renewed Five (5) year lease (comm. October 2018) with a further five (5) year option
* Well structured leased with in-built rental growth
* Walking distance to Clarendon Street and the well-known South Melbourne Market
* Ease of access to the Melbourne CBD, major road arterials and public transport hubs
* Considerable redevelopment potential

Dixon Kestles and Colliers International strongly recommend this rare opportunity for your serious consideration. For further information please contact the below conjunctional agents.

Dixon Kestles
John Pratt +61 412 350 828
Simon Regan +61 412 059 900

Colliers International
Andrew Ryan +61 408 543 527
Raphael Favas +61 435 916 380

*approx

Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.

Property Features

  • Building Size : 594 m2
  • Land Size : 465.00 m2
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Property ID: 3365247

Simon Regan

Simon Regan

+61412 059 900

John Pratt

John Pratt

+61412 350 828

Location map for 63-69 Market Street South Melbourne

Contact Office

Dixon Kestles & Co Pty Ltd

161 Park Street

SOUTH MELBOURNE 3205

T 03 9690 3488

F 03 9699 4581

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.