Affordable CBD Investment - $399,000.

Sold - 1106/488 Bourke Street, Melbourne

Investment opportunity, Offices

Sale Details

Sold on 20 May 2014 for $385,000

Building Area 75m²
Rate $5,133 per m²
Yield: 7.79%

Overview

Sale History ID: 22317
Property ID: 9438
Advertised Price: $385,000

Description

This fantastic office suite is located on the top floor of a high quality building directly opposite the RACV Building in Bourke Street. Some of its many features include large plate glass windows, abundance of light throughout, glass partitioned meeting room, fully sprinkled and reverse cycle air conditioning.

Area of 75m2 (approx)
A well appointed space in a quality refurbished building.
Rare opportunity to invest in a quallity top floor office
Tightly held building
Close proximity to Bourke Street Mall and Hardware Lane
Shops, Cafes and public transport at your doorstep

Currently leased at $2,500 per calender month until April 2015 (1 x 2 year option).

Additional Info
Features
TenancyDesign Otaku Pty Ltd
Lease Term2 Years. (1 x 2 year option remain)
Commenced15/4/2013
Rent ReviewAnnual CPI increases. Market Review at end of Lease term.
Outgoings PayableTBA
Air ConditionerYes
AvailabilityImmediately
Car Parking FeesN/A
Car SpacesN/A
ConditionExcellent
FloorsCarpet
LiftsYes
Roller DoorsNo
SprinklersYes
ZoningCapital City Zone
Outgoings
Owners’ CorporationTBA
Council RatesTBA
Water RatesTBA
Land TaxTBA
Agent Details
CVA Property Consultants - Andrew Kausman

Andrew Kausman

M | 0418 545 564
T | (03) 9623 2562
E | [email protected]