Secure Investment with New 10 Year Lease

Colliers International and Lemon Baxter are delighted to offer 1-7 Palmerston Crescent, South Melbourne for Sale by Expression of Interest closing Friday 22nd November 2013 at 2pm. This is a rare opportunity to purchase a securely leased and low maintenance city fringe office investment with future residential development upside in this often sought but seldom found price range.

• Refurbished 4 level office building of 2,794 sqm plus 43 cars
• New 10 year lease to Doquile Perrett Meade
• Net income $1,043,386 pa - as at 1 March 2014
• Situated in South Melbourne's best location close to the Botanic Gardens and St Kilda Road
• Long term development play in current 60 metre height precinct
• NABERS Energy Rating - 0 Stars

Agent

Paul O'Sullivan

Paul O'Sullivan

Director

0412 410 366

business_phone 03 9699 7500

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Property Information

  • Land Size 1283 m2
  • Building Size 2794 m2
  • Type Offices

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