CBD Fringe Office Building Plus Adjoining Site With Approved Permit
Fitzroys is delighted to offer this exciting re-positioning opportunity in Melbourne’s highly sought after city fringe office market, 2-6 Southampton Crescent, 27-29 Duke Street & 36 Bond Street, Abbotsford for sale.
The ultimate commercial package – suited to value add investors, developers, owner occupiers and speculators.
Key features include:
- Iconic 5-level, part refurbished office/medical building of 6,048sqm with large, light filled average floor plate of c 1,210sqm*
- Adjoining land with permit for new 5,170sqm* office (+129 cars) – currently 3 warehouses, leased short term
- Total land area 3,099sqm* with 3 street frontages
- Potential NLA 10,484sqm* plus 129 cars per approved permit
- Suit value-add investors, developers and owner occupiers
- Part leased (28%) to single medical tenant - Starpharma (ASX listed) until Dec 2027
- Total passing income of $840,000 per annum gross*
- Rapidly gentrifying mixed use precinct close to Victoria Gardens shopping centre and only 3kms* to Melbourne CBD
- Buy below replacement cost in burgeoning precinct
- 0 Stars NABERS Energy Rating