129-131 Market Street,
South Melbourne, VIC 3205
Showrooms & Large Format Retail • Development Sites & Land
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of 129-131 Market Street
Superb Corner Investment With Upside
- Prime Corner Investment
- Leased to National Tenant
- Outstanding Development Potential
Savills and M.G.O'Halloran are delighted to offer For Sale by Auction this fantastic corner investment, with significant future development upside.
Key attributes of this property are:
- Prime corner land holding of 493sq m*
- Quality existing building of 450sq m*
- Three street frontages totalling 51 metres*
- Commercial 2 Zone
- 5 year lease in place to national tenant – Pedders (expiring December 2018 – no options)
- Current Net Rental: $68,640p.a. + O/G’s + GST
- Fixed 4% rental increases
- Magnificent location between City Road and Cecil Street, surrounded by South Melbourne’s best amenity including South Melbourne Market and bustling Clarendon Street
- A fantastic opportunity, providing a full range of investment, owner-occupation and redevelopment opportunities
- An ideally located corner landholding with significant redevelopment potential!
129-131 Market Street, South Melbourne is For Sale by Public Auction on Friday 10 July at 12 noon on-site.
For further information, please contact:
Savills:
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...
M.G.O'Halloran:
Martin O'Halloran - 0417 545 344
Key attributes of this property are:
- Prime corner land holding of 493sq m*
- Quality existing building of 450sq m*
- Three street frontages totalling 51 metres*
- Commercial 2 Zone
- 5 year lease in place to national tenant – Pedders (expiring December 2018 – no options)
- Current Net Rental: $68,640p.a. + O/G’s + GST
- Fixed 4% rental increases
- Magnificent location between City Road and Cecil Street, surrounded by South Melbourne’s best amenity including South Melbourne Market and bustling Clarendon Street
- A fantastic opportunity, providing a full range of investment, owner-occupation and redevelopment opportunities
- An ideally located corner landholding with significant redevelopment potential!
129-131 Market Street, South Melbourne is For Sale by Public Auction on Friday 10 July at 12 noon on-site.
For further information, please contact:
Savills:
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...
M.G.O'Halloran:
Martin O'Halloran - 0417 545 344
Property ID: 501591957Last Updated: 15 Jun 2021
129-131 Market Street
South Melbourne, VIC 3205
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
97-99 Montague Street,South Melbourne, VIC 3205 181 m²Showrooms & Large Format Retail • Warehouse, Factory & Industrial • Shops & Retail
Contact Agent
162-174 Coventry Street,South Melbourne, VIC 3205 494 m²Showrooms & Large Format Retail • Shops & Retail • Offices
Contact Agent
256-258 & 260-262 Normanby Road,South Melbourne, VIC 3205 1550 m²Development Sites & Land • Showrooms & Large Format Retail • Other