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Overview
Melbourne
This recently refurbished commercial building offers a fully leased investment opportunity with a strong net return of 6%. Situated in a prominent main road location, the property benefits from excellent exposure and accessibility.
The building is fully let to multiple tenants, providing a stable and diversified income stream. The annual income generated from the leases is approximately $800,000 plus GST, with outgoings not recovered amounting to $100,000 plus GST, resulting in an approximate net income of $700,000.
The property features multiple access points from three different locations, enhancing convenience for tenants and visitors alike. It is a double storey building, offering substantial floor area and functional space suitable for various commercial uses.
With a land size of 514 square meters and a floor area of 892 square meters, this free-standing investment presents a rare opportunity in the Melbourne commercial market. The building's recent refurbishment ensures it is in excellent condition, ready to continue generating reliable income for the investor.
Potential buyers are encouraged to contact the agent for further information and to discuss the investment potential of this property.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Melbourne VIC 3000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 892 m² |
Market Insights for Melbourne VIC 3000
Other properties in this postcode
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