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280 Coventry Street, South Melbourne, VIC, 3205

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280 Coventry Street, South Melbourne, VIC, 3205

South Melbourne

280 Coventry Street, South Melbourne, VIC, 3205
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+14 Photos
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280 Coventry Street, South Melbourne, VIC, 3205

South Melbourne

SOLD
280 Coventry Street, South Melbourne, VIC, 3205

280 Coventry Street, South Melbourne, VIC, 3205

Properties / Sold / Victoria / South Melbourne
Development Potential
Property Type
Commercial
Land Area
1,074 sqm (*approx)
Selling Method
EOI: Concluding 3.00 p.m. AEDT 20th May 2021
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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

Read More
Development Potential

280 Coventry Street Development Site Summary

Property Type
Commercial
Land Area
1,074 sqm (*approx)
Selling method
EOI: Concluding 3.00 p.m. AEDT 20th May 2021

Development Site 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

Read More
Development Potential

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280 Coventry Street, South Melbourne, VIC, 3205

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Property Location of 280 Coventry Street, South Melbourne, VIC, 3205

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Report Contains

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280 Coventry Street, South Melbourne, VIC, 3205 South Melbourne
Dixon Kestles
Dixon Kestles
161 Park Street South Melbourne Vic 3205