135 Green Street - Cremorne
SUPERB OFFICE INVESTMENT
PRIVATE SALE | $2,300,000 = 6% RETURN
Quinn Reynolds Property are pleased to present for sale this superb 3 level office investment in the evolving and highly sort after office-tech precinct of Cremorne. Boasting a significant income stream to long standing tenant, Churchill Capital since 2005, the property is located directly opposite highly desirable public car parking.
Cremorne enjoys premium access to the CBD and Melbourne's sports and entertainment precinct, which has been crucial in attracting major tenants over the last decade. Well serviced by public transport : Richmond, East Richmond and South Yarra train stations, as well as Swan and Church Street trams. Major road network access is via Punt Road and the South Eastern Freeway/Burnley Street tunnel making the location an easy commute.
Multiple possibilities are on offer including redevelopment under flexible Commercial 2 Zoning (STPA).
+ BUILDING AREA : 306 sqm *approx
+ LAND AREA : 123 sqm *approx
+ INCOME : $139,125 pa* approx
+ Outgoings : 100% paid by tenant
+ Commercial 2 Zone
+ 4 CAR SPACES
+ East Richmond Station
+ South Eastern Freeway
+ Proximity to CBD & Sports Precinct
Cremorne is spoilt for dining and entertaining choices, offering an abundance of funky cafes and bars like Top Paddock, Lamanna & Sons, Pillar of Salt, The Cherry Tree Hotel, The Prince Alfred & The Royal Saxon.
NOTE : The lease is subject to a 90 day lease break clause, exercisable by the purchaser to accommodate owner occupiers and developers.
INSPECT BY APPOINTMENT
*Approx
