BLUE CHIP INVESTMENT!!! - 5.9% NET YIELD
Level 2 Suite 205/120 Bay St, Port Melbourne VIC 3207
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OfficeSize: n/a
This superb A grade office building offering 334m2 & 368m2 + Terrace areas of 120m2 and 33 under cover secure car parking spaces. Facing Bay Street with ample natural light and quality fit-out including reception, partitioned offices, meeting rooms, open plan and huge terrace for outdoor entertaining.
Lemon Baxter is proud and delighted to offer the following offices for your consideration. You can purchase one or both offices.
Suite 204
Size 368m2 + terrace and 17 car parking spaces on Level 2
Current rental is $137,114.00 net pa + outgoings + GST.
Annual increase is 3% with no market review
Lease expires: 28/2/2025 with 1 further term of 2 years
Price guide is $2,250,000 = Net yield 6.1%
Suite 205
Size 334m2 + terrace and 16 car spaces on Level 2.
Current rental is $125,269.00 net pa + outgoings + GST
Annual increase is 3% with no market review.
Lease expires: 28/2/2025 with 1 further term of 2 years
Price guide is $2,100,000 = Net yield 6.0%
Key features include:
1.Complete with high quality fit-out with amazing natural light
2.Heating and Cooling
3.Kitchen and staff break out areas
4.Cafés and eateries with Port Melbourne beach just a stone throw away.
5.Excellent access to major aerial roads including West Gate Freeway, Southbank and CBD
This opportunity is certainly not to be missed. Seeing is believing. Call to arrange a private tour now!!!!
Lemon Baxter is proud and delighted to offer the following offices for your consideration. You can purchase one or both offices.
Suite 204
Size 368m2 + terrace and 17 car parking spaces on Level 2
Current rental is $137,114.00 net pa + outgoings + GST.
Annual increase is 3% with no market review
Lease expires: 28/2/2025 with 1 further term of 2 years
Price guide is $2,250,000 = Net yield 6.1%
Suite 205
Size 334m2 + terrace and 16 car spaces on Level 2.
Current rental is $125,269.00 net pa + outgoings + GST
Annual increase is 3% with no market review.
Lease expires: 28/2/2025 with 1 further term of 2 years
Price guide is $2,100,000 = Net yield 6.0%
Key features include:
1.Complete with high quality fit-out with amazing natural light
2.Heating and Cooling
3.Kitchen and staff break out areas
4.Cafés and eateries with Port Melbourne beach just a stone throw away.
5.Excellent access to major aerial roads including West Gate Freeway, Southbank and CBD
This opportunity is certainly not to be missed. Seeing is believing. Call to arrange a private tour now!!!!
Inspections
No open inspections scheduled.
Send an enquiry
Contact Steven Lee to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
16
Property type:
Office
Other Details
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SummaryMedian sales
Average Age
43 years
Population
17,633
Listing ID: 182440030. This listing has been viewed 0 times. It was first displayed on 11/04/2024 and last updated on 12/04/2024.
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.