39-47 Market Street
South Melbourne

Mid to high $5ms


Property Features

Property ID: 3409116

Building Size
1365 m2
Land Size
463.00 m2

A pair of Aces......

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 146m2 to some 855m2 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: 463m2 dimensioned 21.9*22.2/20.9m.
Gross building area: 1365m2.
Including parking: 14 vehicles.
Income: $121,469.25 p.a.

Consisting of:
39 Market
Land: 245 m2
Frontage: 11.35 m
Gross Building Area: 735 m2
On Site Parking: 8
Annual Income: $121,469.25
Tenants: Level 1 - Radio Karate
Level 2 - Urban Edge

47 Market
Land: 210 m2
Frontage: 10.6 m
Gross Building Area: 630 m2
On Site Parking: 6
Annual Income: $0.00
Tenants: Level 1 - Vacant
Level 2 - Vacant.

Offering upside aplenty.
*In the short-term, via the passing income which is merely $270^/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.

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.