39-47 Market Street
South Melbourne


Mid to high $5ms

14

Property Features


Property ID: 3409116

Building Size
1368 m2
Land Size
456.00 m2

A pair of Aces......


Selling via Expression of Interest for either all or 47 Market St singularly, concluding Wednesday 16th September @ 3.30 p.m AEST.

Offered as one, or only one half (47 Market St); Architect designed separate buildings on separate titles, providing contemporary spaces for up to as many as four self-contained tenancies from 147m2 to some 912m2 plus 14 on site secure car parks.
Three doors from Clarendon Street and one block to the South Melbourne Market.

As one:
Commercial 2 Land: 456m2 dimensioned 21.9*22.2/20.9m.
Gross building area: 1368m2.
Including parking: 14 vehicles.
Income: $162,697.70 p.a.

Consisting of:
39 Market
Land: 221 m2
Frontage: 11.35 m
Gross Building Area: 663 m2
On Site Parking: 8
Annual Income: $138,697.70
Tenants: Level 1 - Radio Karate
Level 2 - Urban Edge


47 Market
Land: 235 m2
Frontage: 10.6 m
Gross Building Area: 705 m2
On Site Parking: 6
Annual Income: $24,000 Gross
Tenants: Level 1 - Vacant
Level 2 - Brands for Life

Offering upside aplenty.
*In the short-term, via the passing income which is merely $358^/m2 inclusive of car parking. *Long-term, redevelop up to 6 levels as allowable under the Design and Development Overlay Schedule 8.

^ Based on income of 39 Market St.


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.