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SOLD
280 Coventry Street, South Melbourne, VIC, 3205
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Property Highlights

Strength in numbers!

Strength in numbers!

Offering a number of significant value adding options over the medium to long term, via repositioning of the asset to enhance the net rental return, or as a higher density development.

Underpinned by its strong and highly regarded location -> book-ended by central Clarendon St and the South Melbourne Market....

  • Land size: 1074mÂ2 with 21.9 metre frontage and rear vehilce access from Little York St.
  • Building size: 1443mÂ2 + 15 drive in carparks.
  • Annual income: $643,488.84 net, thus:
  • Tenancy Use Size mÂ2 Car Rent Rent Lease expiry
  • Parking Reviews

Ground:
01. Retail 300 - 146,564.88 Month to month.

02. Medical 307 5 165,624 3% 17.11.2024

Basement Storage 111 - 12,000 3% 10.12.2024

Level 1:
1.01. Office 725 10 319,299.96 3% 01.12.2024

Totals 1443 15 643,488.84

Selling via Expression of Interest (EOI) concluding 3.00 p.m. AEDT 20th May 2021.

Remember to mention you found this property on DevelopmentReady

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