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Commercial Investment Including Workshop and Eclectic Residence - Inspect Thursday at 3pmProperty ID 1498052Ray White Commercial are proud to present for sale this Capital City Zoned (CCZ1) South Melbourne property. The uniquely rustic industrial warehouse and apartment including Blacksmiths workshop and upper level apartment are located on the cusp of Melbourne CBD.
Surrounded by vast retail and entertainment facilities, including:-
• South Melbourne Market
• South Wharf Shopping & Dining Precinct
• Clarendon Street
• Bay Street, and
• Southbank / Crown Casino.
Serviced by multiple public transport modes (tram / bus) and arterial roadways, including City Road, Westgate Freeway, Citylink Freeway - providing pivotal connectivity to broader Melbourne.
Property features include:-
- Total building area 275sqm*
- Land area 158sqm*
- Lease term 5 + 5 years commencing 9th April 2012
- Current rent $44,100 + GST and outgoings
- Capital City Zone (CCZ1)
- Heritage overlay
- Former bakery turned blacksmith workshop
Apartment features include:-
- Open plan living with abundant natural light
- Stylish bathroom
- Free standing fireplace
- Dark timber flooring and exposed brick features
For further information or to inspect call Paul Waterhouse on 0417 660 153.
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable Financial Details Rental Income (Weekly) $848 * Gross Annual Income $44,217 * Nett Annual Income $44,217 *
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
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