114 Berkeley Street Carlton, VIC 3053


PINNACLE DEVELOPMENT OPPORTUNITY WITH INCOME IN CARLOT'S UNIVERSITY PRECINCT

CVA Property Consultants are proud to offer 114 Berkeley Street, Carlton for sale via Expressions of Interest closing Wednesday 5th December 2018 at 3pm.

Boasting a frontage of 25 metres* to Berkeley Street, this prime Carlton freehold offers the potential to future develop to a height level of 40 metres*. Uses include student accommodation, hotel, commercial or residential development (STPA) under its sought after Capital City Zoning, in the heart of Melbourne's University precinct.

This stylishly refurbished single level brick building of 415m2* with rear ROW lane access is currently leased to Coffee Roasters.

Investment Summary

Commencement: 1st November 2018

Term: Five (5) years with no further options

Rental: $103,250.00 per annum net plus GST and outgoings

Reviews: 4% annual reviews

Enjoying the convenience of this city fringe suburb, the property is situated within walking distance from a multitude of transport services including Elizabeth Street Trams, Flagstaff & Melbourne Central Train Stations and various bus links. Other benefits include the $250 million Queen Victoria Market upgrade and the $11 billion Metro Rail Project with the development of State Library Station and Parkville Station set to enhance access to Melbourne's education and health precinct.

For further information please contact CVA Property Consultants.

*approx

Remember to mention you found this property on DevelopmentReady.com.au