L4, 37/150 Albert Road
South Melbourne


Mid to High $500,000s as a going concern.

Property Features


Property ID: 3411166

Building Size
113 m2

Anticipating 5.5% net return from a low rental base from a well established corporate


Circa 5% net yield!

Located in Albert Roads' landmark building on arguably Melbourne's best corporate street which boasts parkland and water aspect, immediate access to Kings Way the arterial road network, all capped off with proximity to The Domain Interchange & Anzac Station, not to forget convenience of eclectic suburban strip shopping on Clarendon and Bridport Streets. This well-appointed self contained office space enjoys a northerly aspect, has 3 partitioned offices, open plan area, and kitchenette. Offering modern accommodation plus 3 on site under cover car parks...
Currently let till 14/05/2022 with a 3 year further term. Returning $41,850 gross with 4% annual increases and reversionary upside at the beginning the further term of lease!


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.