SOUTH MELBOURNE
235-241 Normanby Road

For Sale

Invest Today - Develop Tomorrow

This prime South Melbourne location provides exposure to passing traffic, direct access to the Westgate Freeway, Citylink and the Melbourne CBD via Montague Street. The property is a short walk to the new South Wharf retail precinct, has a tram stop at the rear of the property and a bus stop at the front door. 235-241 Normanby Road, South Melbourne is a modern two level tertiary institution teaching Animation, Audio, Design, Film, Games, Web and Mobile.
This state of the art facility has been purpose built to accommodate the SAE QANTM Institute.
The building of 4,332 sqm over two levels occupies approximately 3,260 sqm of land.
SAE are part of the NAVITAS Group who are a publically listed company. SAE have 35 campuses in 27 countries world wide of which 6 are in Australia.
The building is leased to SAE for 10 years commencing 19th July 2014 and the tenant has a further option of 10 years.
The building is expected to be sold on a yield of 7% plus.
The Zoning is Capital City 1 with further development potential for 40 levels (STCA)

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