Iconic Melbourne City Fringe Office Freehold & Value Add Opportunity With Income
The ultimate commercial package – suiting value add investors, developers, owner occupiers and speculators.
Fitzroys is delighted to offer this exciting re-positioning opportunity in Melbourne’s highly sought after city fringe office market.
Key Features Include:
- Commanding 5-level part refurbished building of 6048sqm*/NLA with 3 street frontages in Yarra River precinct
- Large light filled average floor plate sizes of 1,210sqm*
- Former Kodak Factory with unique and timeless design, complimented by refurbishment of some floors and ground level foyer.
- Partially leased (28%) to single tenant ASX-listed Starpharma
- 3 adjoining warehouses of 895sqm* offering office/car park development potential
- Total land area of 3,099sqm* (2,108sqm* + warehouses of 991sqm*)
- Total passing income of $720,000 per annum
- Fast gentrifying Abbotsford commercial office, residential and retail market near Victoria Gardens Shopping Centre, public transport, Yarra River trail & only 3kms* to the Melbourne CBD
- 0 Star NABERS Energy Rating
AVAILABLE INDIVIDUALLY OR IN ONE LINE
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 5TH DECEMBER AT 1PM
In conjunction with CBRE.