L4, 37/150 Albert Road South Melbourne

Mid to High $500,000s as a going concern.

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Anticipating 5.5% net return from a low rental base from a well established corporate

Circa 5% net yield!

Located in Albert Roads' landmark building on arguably Melbourne's best corporate street which boasts parkland and water aspect, immediate access to Kings Way the arterial road network, all capped off with proximity to The Domain Interchange & Anzac Station, not to forget convenience of eclectic suburban strip shopping on Clarendon and Bridport Streets. This well-appointed self contained office space enjoys a northerly aspect, has 3 partitioned offices, open plan area, and kitchenette. Offering modern accommodation plus 3 on site under cover car parks located on the ground floor.
Currently let till 14/05/2022 with a 3 year further term. Returning $33,585.96 with 4% annual increases and reversionary upside at the beginning the further term of lease!


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 : 113 m2
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Property ID: 3411166

Simon Regan

Simon Regan

+61412 059 900

Location map for L4, 37/150 Albert Road 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.