ONE OR TWO WHOLE FLOOR INVESTMENTS WITH A 3141 POSTCODE.

For Sale – Leased Investment - 101 & 301/70-72 River Street, South Yarra

Investment opportunity, Offices

Overview
Property ID: 20103
Price: Contact Agent
Rent: $97,850 - $307,850 (ex. GST)
Building: 234 - 728m²
Zoning: Activity Centre Zone (ACZ1)
Components
Name Building Land Rent (p.a.) Price
101 494m²
N/A $210,000 Contact Agent
301 234m²
N/A $97,850 Contact Agent
Combined 101 & 301 728m²
N/A $307,850 Contact Agent
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Description

POINT OF INTEREST:

While others are interested in the postcode, astute investors have recognised the seismic and strategic opportunity in seizing one or two long term tenanted whole floor investments like these. The suites can be purchased separately or together, and both have long established River Street businesses.
Suite 101comprises 494 sqm* returning $210,000 in annual leasing income on a new five year lease
Suite 301 is 234 sqm* returning $97,850 back into your finances on a five year lease term. And no one’s surprised why they’ve set up shop here. There are multiple outdoor areas including open-air entertaining terraces, high bay windows and ceilings, lift access, and a contemporary design, but the most compelling unique selling point is what sits outside the office. River Street sits moments from Toorak Road, Chapel Street, and the Como Centre — pointing to an enviable work lifestyle where amenity is of the highest calibre. Both packages have secure undercover car parking allocated, but across the road offers an additional 600 car spaces, a detail for the investor, not the occupier, considering work knock-offs will sway employees to catch the myriad of public transport within their orbit.

- Suite 101 - Whole of Level 1
- Leased to 1010 Capital on a new five-year agreement.
- $210,000 in annual leasing income.
- 494 sqm* in total building area.
- 3 allocated car spaces.

- Suite 301 - Whole of Level 3
- Leased to BWA Accountants & Business Advisors on a five-year agreement.
- $97,850 in annual leasing income.
- 234 sqm* in total building area.
- 2 allocated car spaces.

- Property features
- Mixed use building comprising 3 levels of office and 3 levels of high - end apartments.
- Activity centre zoning.
- Substantial depreciation benefits.
- Car park opposite provides 600 spaces.
- 150 m* to Chapel Street.

POINT OF VIEW:
South Yarra hasn’t stopped booming for a decade. And with a standard of office suites rivalling the premium location, there isn’t a more sound (or lucrative) move on the market.

*Approx.
Pricing excludes GST

Additional Info
Features
Tenancy1010 Capital / BWA Accountants
Lease TermFive ( 5 ) years
CommencedSee tenancy schedule
Rent Review3%
Bond/Guarantees3 months rental
Outgoings PayableBy tenant as per lease
Agecirca 2020
Air ConditionerYes
Availability30 - 120 days
Car Parking FeesNA
Car Spaces2 & 3 on-site
ConditionExcellent
FloorsPolished Concrete / carpet
Height5m* Ground floor
LiftsYes
Roller DoorsYes. Garage
SprinklersYes
Wheel Chair AccessYes
ZoningActivity Centre Zone (ACZ1)
Outgoings
Owners’ Corporation$12,027.48
Building Insuranceincluded in owners corporation fee
Council Rates$5,984.65
Water Rates$561.16
Land Tax$3,215.00
Essential Safety MeasuresTBC
Agent Details
CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

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