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51-55 Johnston Street, FITZROY VIC, 3065

Sold
https://dduaaywsz-res-5.cloudinary.com/image/upload/v1569994970/b4ydgpeakbi9l2an3hof.jpg

Property Sold in 51-55 Johnston Street, FITZROY VIC, 3065

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11168928
Status:
Sold
Last Updated:
02/10/2019
Price:
Sale: $4,600,000 Lease: $223,500 Annual + Excl. tax
Icon building

Property Type

Offices/Retail
Icon square

Land Area

452 SQM
Icon size

Floor Area

920 SQM
Icon parking

Parking

N/A

Exceptional Investment Opportunity with Re Development Upside.

Conveniently located on Johnston Street between Nicholson Street and Brunswick Road, Fitzroy is an opportunity to purchase an outstanding investment property.

The building consists of a ground floor level and two upper levels with access via a stairwell. The Ground floor car park which allows parking for approximately 8 vehicles is accessed via Johnston Street through a remote garage door. Other features include;
 - open plan offices
 - balconies
 - boardroom
 - kitchenette and amenities
 - additional storage  in the basement

The premises is currently securely leased to two tenants with lease details as follows;

Ground & 1st Floor  - Tenants Union of Victoria Ltd
Term of Lease: Three years commencing 1st May 2015
Options: One further term of three years
Rent:  $125,500.00p.a plus GST and outgoings

2nd Floor - Strategic Data Pty Ltd
Term of Lease: Seven years commencing 18th September 2015
Options: One further term of five years
Rent: $98,000.00p.a. (Gross)

For further details on this exciting investment please contact CVA Property Consultants.

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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