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ULTIMATE ADD VALUE AND OCCUPY OPPORTUNITY WITH 23+ METRES...

339 Ferrars Street, SOUTH MELBOURNE VIC, 3205

Sold

Property Sold in 339 Ferrars Street, SOUTH MELBOURNE VIC, 3205

Cayzer Real Estate

370 Bay Street, Port Melbourne, VIC 3207

Listing ID:
11374403
Status:
Sold
Price:
Price on application
Last Updated:
28/02/2020
Icon building

Property Type

Offices/Land/Development
Icon square

Land Area

237 SQM
Icon size

Floor Area

510 SQM
Icon parking

Parking

7

ULTIMATE ADD VALUE AND OCCUPY OPPORTUNITY WITH 23+ METRES FRONTAGE

The most exciting Mixed Use site in the Albert Park vicinity with possibly the best garage in the area housing 6-7 cars.
A rare opportunity to obtain high income streams from 5 current tenancies (including Optus) and occupy part or increase income immediately whilst planning for refurbishment or redevelopment STA. Great residential potential (sta).
Multiple bathrooms and kitchenette facilities with a full kitchen and 2 renovated bathrooms in the top floor apartment/office for private use.
Overlooking St Vincent Place gardens, a stroll to Albert Park Lake, shops, parkland and MSAC with the light rail to the city adjacent.
Current income $111,000 pa approx, with immediate potential for $160,000 pa or more (est) as is.
Note - garage and top floor predominantly vacant possession.
Land 237 sqm Building 510 sqm (approx).

For more details, please email agent


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Cayzer Real Estate

370 Bay Street, Port Melbourne, VIC 3207


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