Prime CBD Investment Opportunity | Circa 5.8% Yield
108/2 Queen Street, Melbourne VIC 3000
Asking $499,000
OfficeSize: n/a
Block size: 638 m² approx.
The Property
* 62 sqm first floor office
* Capital City Zone 1
* Regular shape with a great outlook
* Plenty of natural light
* Shared bathrooms and kitchenette
* Classy building with upmarket amenity
* Ducted heating and cooling
* Suite 108, located within the Q2 building
* 12 story building with a diverse range of operators
The Investment
* Leased to Turner English College
* Tenant commenced in 2022
* Returning $29,120 per annum plus outgoings and GST
* 3 + 3 year lease
* 4% annual reviews
* Tenant pays all outgoings except land tax
* 3 month Security Deposit and Directors Guarantee
The Location and Further Info
* Prime location at the corner of Flinders Street and Queen Street
* Purchase in a highly sought-after building with very minimal vacancy
* Extremely re-lettable property with supplementary operators in the surrounding area
* 350m from Flinders Street Station
* Rare street parking is available on Queen Street opposite the entrance to the building
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
* 62 sqm first floor office
* Capital City Zone 1
* Regular shape with a great outlook
* Plenty of natural light
* Shared bathrooms and kitchenette
* Classy building with upmarket amenity
* Ducted heating and cooling
* Suite 108, located within the Q2 building
* 12 story building with a diverse range of operators
The Investment
* Leased to Turner English College
* Tenant commenced in 2022
* Returning $29,120 per annum plus outgoings and GST
* 3 + 3 year lease
* 4% annual reviews
* Tenant pays all outgoings except land tax
* 3 month Security Deposit and Directors Guarantee
The Location and Further Info
* Prime location at the corner of Flinders Street and Queen Street
* Purchase in a highly sought-after building with very minimal vacancy
* Extremely re-lettable property with supplementary operators in the surrounding area
* 350m from Flinders Street Station
* Rare street parking is available on Queen Street opposite the entrance to the building
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jackson Brenchley to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
638 m²*
Other Details
Lot:
108
Plan:
PS542645
Legal description:
108\PS542645
Maps and area information
Block information
Block size: 638m² (approx)
Legal description: 108\PS542645
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
We couldn't find any history for this property.
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SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 182077446. This listing has been viewed 1 time. It was first displayed on 10/11/2023 and last updated on 25/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.