Buy Yourself Time to Exploit the Potential within Inner-Melbourne's
Growth Triangle - South Melbourne, Port Melbourne, Docklands & Southbank!!
This broad fronted - some 9.5 metres, Office Showroom & Warehouse provides a total building area of 359m2 which consists of 232m2 ground floor 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. This property is in the Capital City Zone 1 - CCZ1
Current rental income is $65,563 net pa with annual increase of 3%.
Lease expires on 16/7/22 with one further option of 5 years.
Demolition clause available.