261-263 Park Street
South Melbourne


CONTACT AGENT

Property Dates and Times


Property Features


Property ID: 3300255

Building Size
160 m2
Land Size
85.00 m2

Potential to mix business with pleasure on Park Street.


Auction on site, Wednesday 29th August @ 12.30, if not sold prior.

Elegant wide fronted (7.3 metres), period building securely leased to two established businesses, returning $70,134 net annually. Enjoying park side proximity at the northern end of St Vincent's Gardens circuit. Refurbished and extended by leading architectural practice Studio 35, offering the blend of contemporary function to the 80m2 ground floor showroom space & with empathy to the separate 80m2 (8.6 squares) first floor office/residence which retains delicate period features such as pressed metal ceilings, Baltic floor boards, open fire place and as new wet areas.
Additional features: Atrium, ample data and power points throughout, "Shugg" windows, Cat 5 cabling & climate control and fold away laundry.
Total building area: 160m2, Land area: 95m2
Zoning: Commercial 1

Tenancies:
Ground 80m2
Rent: $40,882 Expires: 27.07.19, Further One (1) year term
Period Rent Review: Market
Use: Flooring showroom

First Fl 80m2
Ren: $29,252, Expires: 03.11.18, Further One (3) year term
Period Rent Reviews: 4%
Use: Massage centre.

Totals 160m2, $70,134 net.

Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.