Premium Investment Opportunity

Description

* Sought after office location
* Direct access to Melbourne CBD
* Secure blue-chip investment

ROSIN SMYTH AND PARTNERS PTY LTD is delighted to present this premium investment opportunity perfectly located in one of Melbourne's most renowned commercial and lifestyle precincts.

Currently leased to the well-known and highly respected Vincent Chrisp Architects, this exceptional office not only boasts a secure blue-chip investment opportunity for investors but has the benefit of being surrounded by Melbourne's finest amenities. This includes world-class restaurants and cafes, luxury shopping, sporting facilities and excellent public transport access for both tenants and future owner occupiers.

• Highly sought-after office location in the tightly held Southbank precinct
• Secure lease to the highly regarded Vincent Chrisp Architects
• Direct access to Southbank Boulevard, Melbourne's CBD and St Kilda Road Commercial Precinct
• Walking distance to the Royal Botanic Gardens, Yarra River and Albert Park Lake

TENANCY SCHEDULE
Lessee: Vincent Chrisp & Partner Pty Ltd (long term building occupier)
Lease Term: 3 years commencing 1st November 20219 (lease renewal)
Further Terms: 2 x 3 years
Net Rental: $65772.13 per annum (plus GST) as of 1st November 2021
Fixed Rent Increase: 4% fixed annual increase
Bank Guarantee: Three (3) months' rent plus GST
Outgoings: 100% paid by tenant (except land tax)

Due to the current lack of supply of investment opportunities in the prime City Fringe area, there is no doubt that you'll benefit from this outstanding blue-chip investment, perfect for your self-managed super fund.

*INSPECTION BY PRIVATE APPOINTMENT ONLY*

Southbank

16/51-55 City Road
  • 2

overview

  • 1P0435
  • Other
  • Sold
  • 16/51-55 City Road Southbank VIC
  • 2
  • 204 sqm
  • 2
  • Contact Rosin Smyth & Partners regarding your enquiry.