71 Palmerston Crescent,
South Melbourne, VIC 3205

This is a prime opportunity to acquire a city fringe commercial office investment often sought but seldom found in this price range.

The 5 level building of approximately 2,710m² comprises ground floor retail and office space plus 4 upper levels of office space. There are also ground and basement car park levels with a total of 39 car spaces.

This secure investment property with diverse tenancy profile and future development potential is located in one of Melbourne’s most vibrant and cosmopolitan inner city suburbs.

The area has rapidly evolved over recent years with substantial office and residential developments underpinning increased property values in the area. 71 Palmerston Crescent, South Melbourne presents a unique opportunity to acquire a substantial inner city office investment with upside of the very highest calibre.

Key features:

• 5 level office building and basement car-park
• Estimated fully leased net income of $725,000 net p.a* to multiple tenants
• NLA 2,710m²* plus 39 cars*
• Prime South Melbourne location close to Albert Park Lake, St Kilda Road and Botanic Gardens
• Flexible Commercial 1 Zoning - allows for residential re-development (STCA)
• 3.5 Star NABERS Energy Rating

*approx