100 Gladstone Street
South Melbourne


$2,400,000

1

Property Features


Property ID: 3406796

Building Size
359 m2
Land Size
232.00 m2

Realisation Sale


Buy Yourself Time to Exploit the Potential within Inner-Melbourne's
Growth Triangle - South Melbourne, Port Melbourne & Docklands!!

This broad fronted - some 9.5 metres, Office Showroom & Warehouse provides a total building area of 359m2 which consists of 232m2 to the ground and approximately 83m2 within the mezzanine. Advantaged by rear lane access off Gladstone Lane on its northern boundary the inherent potential of the property is apparent upon visiting the neighbourhood and conducting an internal inspection. Further enhanced by outstanding proximity to the Montague light rail station, single off street car park is provided with access to an abundance of commercial parking within the neighbourhood.

Current rental income is $63,654 net pa with annual increase of 3%.
Lease expires on 16/7/22 with one further option of 5 years.
Demolition clause available.

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.