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SOLD
508-512 Queensberry Street, North Melbourne VIC 3051
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Property Highlights

Sold Contact Agent - Thu 11-Aug-16

Invest - Occupy - Develop

Prominent two-storey brick office building comprising two ground floor retail/office units and two first floor offices. A rear interconnected warehouse building comprises of car parks for nine vehicles (four tandem spaces and one individual space). Entry to the car park is via Jones Lane from Leveson Street. There is also side access from the west via a road from Haddows Lane. Each office offers male and female amenities, kitchenette and air-conditioning. 

Building Comprises
Car Park: 271 m² 
Ground Floor: 325 m² 
First Floor: 226 m² 
Stairs/Foyer: 43 m² 
TOTAL BUILDING AREA: 865 m² (approx)

The property has the following approximate site dimensions;
Frontage to Queensberry Street: 15.70 m² (approx)
Site Area: 627 m² (approx) 

Tenancy:
The property is fully leased to 4 separate tenants including, North Melbourne Chiropractic Clinic, North Melbourne Legal Service, Architecture Matters and Buro Architecture. 
The total passing net income is approximately $159,440 per annum. 

Zoning:
The property is under mixed use zone under the Melbourne Planning Scheme.

Develop: A preliminary scheme have been prepared by Carabott Holt Turcinov architects which provide the three concept options including: apartments, student accommodation and commercial/retail space (STCA). 

Auction: Thursday 11th August at 3PM on-site

Please contact Martin Smyth 0411 744 000 to request more information and a copy of the preliminary development scheme. 

Remember to mention you found this property on DevelopmentReady

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