Added 3 days ago
259-261 Coventry Street,
South Melbourne, VIC 3205
Shops & Retail
Added 3 days ago
Price information
Sale - Expression of Interest closing Wed 27 Nov
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Lemon Baxter
Level 1, 68 Clarke StreetSOUTH MELBOURNE, VIC 3205
259-261 Coventry Street
South Melbourne, VIC 3205
Map of 259-261 Coventry Street
Train stations within 5 km of 259-261 Coventry Street, South Melbourne, VIC 3205 Distance Southern Cross Station 1.6 km Flinders Street Railway Station 1.7 km NSW Train Link 1.7 km Flagstaff Station 2.3 km Melbourne Central Station 2.5 km POWERED BY HERE ©Tram stops within 5 km of 259-261 Coventry Street, South Melbourne, VIC 3205 Distance 128-Dorcas St/Clarendon St (South Melbourne) 126 m 127-York St/Clarendon St (South Melbourne) 195 m 127-South Melbourne Station/Light Rail (South Melbourne) 346 m 129-Park St/Clarendon St (South Melbourne) 366 m 25-Cecil St/Park St (South Melbourne) 403 m POWERED BY HERE ©Bus stops within 5 km of 259-261 Coventry Street, South Melbourne, VIC 3205 Distance South Melbourne Market/Cecil St (South Melbourne) 182 m Ferrars St/Dorcas St (South Melbourne) 325 m Coote St/Dorcas St (South Melbourne) 461 m Cecil StCity Rd 492 m Ferrars St/City Rd (South Melbourne) 508 m POWERED BY HERE ©
POWERED BY HERE ©
Prime Corner Investment with Dual Titles in South Melbourne
- Three street access points
- Lease returning net $174,648* p.a.
- Close to South Melbourne Market and CBD
Lemon Baxter is pleased to offer 259-261 Coventry Street, South Mebourne via an expression of interest campaign closing on Wednesday, 27th November 2024 at 12pm (AEDT).
This fully leased investment property, featuring three street access points and a corner location, offers a rare opportunity in the heart of South Melbourne. With two secure tenants and strong annual returns, it's an ideal choice for astute investors.
Key Details:
+ Two tenants: Paper Point (Ground Floor, lease expiring 30/06/26) and Privé Hair Organics (Level 1, lease expiring 7/11/27 with a 1x5yr option)
+ Current net income $174,648* p.a.
+ Land area 228* sqm across two separate titles
+ Total NLA 408* sqm
+ Frontage 15.2*m to Coventry Street
+ 1 Secure carpark located at the rear
+ Corner location- three street access points, offering excellent exposure and accessibility.
Location Highlights:
Positioned in a vibrant South Melbourne pocket, this property enjoys high visibility and is within walking distance to the South Melbourne Market, cafes, and retail shops. Its proximity to public transport and the CBD adds further appeal to this already highly desirable location. The corner positioning highlights its leasing potential with strong foot traffic and excellent exposure.
This is an exceptional opportunity to secure a fully leased investment in a sought-after commercial precinct.
Contact the exclusive Lemon Baxter sales agents below.
Paul O'Sullivan
0412 410 3... | paul@lemonbaxter.com.au
Hans Fan
0401 882 6... | hans@lemonbaxter.com.au
*Approximately
This fully leased investment property, featuring three street access points and a corner location, offers a rare opportunity in the heart of South Melbourne. With two secure tenants and strong annual returns, it's an ideal choice for astute investors.
Key Details:
+ Two tenants: Paper Point (Ground Floor, lease expiring 30/06/26) and Privé Hair Organics (Level 1, lease expiring 7/11/27 with a 1x5yr option)
+ Current net income $174,648* p.a.
+ Land area 228* sqm across two separate titles
+ Total NLA 408* sqm
+ Frontage 15.2*m to Coventry Street
+ 1 Secure carpark located at the rear
+ Corner location- three street access points, offering excellent exposure and accessibility.
Location Highlights:
Positioned in a vibrant South Melbourne pocket, this property enjoys high visibility and is within walking distance to the South Melbourne Market, cafes, and retail shops. Its proximity to public transport and the CBD adds further appeal to this already highly desirable location. The corner positioning highlights its leasing potential with strong foot traffic and excellent exposure.
This is an exceptional opportunity to secure a fully leased investment in a sought-after commercial precinct.
Contact the exclusive Lemon Baxter sales agents below.
Paul O'Sullivan
0412 410 3... | paul@lemonbaxter.com.au
Hans Fan
0401 882 6... | hans@lemonbaxter.com.au
*Approximately
Property ID: 504719160Last Updated: 23 Oct 2024
Lemon BaxterLevel 1, 68 Clarke Street
SOUTH MELBOURNE, VIC 3205
SOUTH MELBOURNE, VIC 3205
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