5 150 Albert Road
South Melbourne



Property Features

Property ID: 3373424

Building Size
411 m2

5.5% True Net Return

Leased to established and industry recognised CMW Design and Construct www.cmw.net.au returning $137,606 true net, this handsome office looks good from either direction.

Within, single level contemporary partitioned work space complimented with kitchen/breakout area, outdoor terrace and 6 onsite secure car parks.

Beyond, enjoying a rare aspect from the 5th level of this landmark building situated on the corner of Albert Road and Stead Street which captures a full vista of Albert Park and environs.

An investment par excellence, leased for 5 years from 1 August, 2016 with a further term of 5 years at the tenant's election underpinned with CPI rent reviews and a market adjustment at the beginning of the further term; with the security of 3 months bond and personal guarantees of the Directors of the tenant entity.

In conjunction with: -
Performance Property Advisory
Transaction Managers
Phillip Almeida - 0438 230 783

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.

Please note that Dixon Kestles Office is currently closed for the safety of our staff and clients, due to the COVID-19 outbreak. If you have a property related emergency during this time, please contact 03 9690 3488 and listen to our after-hours message for contact details.