PRIME LEGAL PRECINCT INVESTMENT WITH FUTURE UPSIDE

557 Little Lonsdale Street, Melbourne, Victoria 3000

Office For Sale

Expressions of Interest. EOI Date 8 May 2019
Floor Area: 147.00 m2.    

Description

Colliers International is pleased to present a rare opportunity to purchase 557 Little Lonsdale Street, Melbourne with the following key attributes:

- Exceptional street fronting modern retail office of 147m²* across two levels
- New 5 x 5 x 5 x 5-year net lease commencing 1 March 2019
- Net Income of $145,860.70* per annum + GST + Outgoings
- Fixed rental increases of 5.00% per annum
- Underpinned by strong covenant to blue-chip real estate tenant, NPM (National Property Management Ltd)
- Striking office accommodation featuring reception, meeting rooms, boardroom, kitchen and storage with significant depreciation benefits
- Future upside and flexibility for hospitality / medical / retail repositioning (STCA) with all service connections & extraction infrastructure included
- Strategically positioned within the heart of Melbourne’s Legal Precinct, surrounded by the Courts, excellent tenant amenity, numerous high-density residential tower projects
- Outstanding access from arterials and within close proximity to all forms of public transport including Flagstaff train station and tram routes along William, Bourke and La Trobe Streets
- Perfect Self-Managed Super Fund (SMSF) acquisition

For Sale by Expressions of Interest closing Wednesday 8th May 2019 at 12.00pm AEST

To arrange an inspection or for more information please contact the exclusive selling agents:

Chris Ling +61 419 294 346

Anthony Kirwan +61 431 952 430

David Sia 谢忠佑 +61 430 111 223

This property is proudly marketed by the Melbourne City Sales team (MCS).

Features

  • 5 X 5 x 5 x 5 YEAR NET LEASE
  • BLUE CHIP REAL ESTATE TENANT
  • FIRST TIME OFFERED TO THE MARKET

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