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An Exceptional CBD Freehold Investment

26-32 King Street, MELBOURNE VIC, 3000

Sold

Property Sold in 26-32 King Street, MELBOURNE VIC, 3000

Listing ID:
11312557
Status:
Sold
Price:
SOLD
Last Updated:
01/10/2019
Icon building

Property Type

Offices/Retail/Land/Development
Icon square

Land Area

304 SQM
Icon size

Floor Area

1200 SQM
Icon parking

Parking

N/A

An Exceptional CBD Freehold Investment

Savills is delighted to offer for sale this exceptional CBD freehold building located at 26-32 King Street, Melbourne. This outstanding five level retail and office building is fully leased to a range of high quality tenants and is ideally located within the highly popular 24-hour entertainment precinct of Melbourne.

The key attributes of the property include:
- A substantial 5-level retail and office building of 1,200sq m*
- Prime landholding of 304sq m* with significant future development potential
- Leased to a range of quality retail/office tenants including 7-Eleven
- Current Net Rental: $352,399 per annum* + outgoings & GST
- Obvious rental upside, refurbishment and value-add potential
- Situated within Melbourne’s booming western core, currently experiencing a huge influx of development and investment
- Positioned within Melbourne’s vibrant 24-hour entertainment precinct, close to Crown Casino
- A short walk to Southern Cross Train Station

The property presents a fantastic opportunity to capitalise on Melbourne’s rapidly evolving west end, and as such we encourage prospective purchasers to actively consider this excellent opportunity.

SOLD

Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702

*Approx

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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