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339 Ferrars Street, South Melbourne, VIC, 3205
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Property Highlights

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.

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 kitchen facilities with renovated full amenities on the top floor.

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 area and 1st floor predominantly vacant possession.
Land 237 sqm Building 510 sqm (approx).

Remember to mention you found this property on DevelopmentReady

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