Podium Office 4, 5-7 Yarra Street,
South Yarra, VIC 3141
Offices
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Sold
$910,000
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Map of Podium Office 4, 5-7 Yarra Street
MASSIVE PRICE REDUCTION ... Now less than $1 Million!
> Excellent net return of 7.4% - better than money in the bank
> Added benefit of depreciation benefits
> Exclusive podium office in brand new building
> Leased to an established tenant for 5 + 3 + 3 years, commencing 1st September 2009
> A-Grade office accommodation with independent entry foyer and lift
> Returning $72,000 pa, with tenant responsible for all outgoings & GST
> Area: 165m2 plus 80m2 roof terrace and 4 cars
Invest in South Yarra's booming commercial precinct by acquiring an exclusive podium office in this landmark mixed use development. Securely-leased to Axis Consulting Group on a 5 + 3 + 3 year lease, which commenced on 1 September 2009, the tenant has provided a director's guarantee as well as a security deposit. The starting rent is $72,000 pa + outgoings and GST and the lease contains fixed 4% annual increases, with a market review at the commencement of each option period.
The boutique space is complemented by four (4) secure off street car parks plus an expansive 80m2 roof top terrace.
The office benefits from superb natural light and excellent views towards the City, as well as being located adjacent to South Yarra train station and minutes from Chapel Street and Toorak Road.
7 Yarra Street was completed in August this year and incorporates 22 levels of apartments, carparking and four podium office suites.
The immediate area will be further enhanced by the opening of Yarra Lane, which runs alongside 7 Yarra Street and will incorporate high-end retailers with new cafes and specialty retail.
The building is located on the eastern side of Yarra Street, in between Toorak Road and Alexandra Avenue, South Yarra.
It enjoys close proximity to public transport, CityLink freeway network, Chapel Street, Yarra parkland and Church Street, Richmond.
For further details on this property, or to discuss the exciting evolution of this South Yarra precinct, call the specialists - grayjohnson - today.
Ben Evans 0403 427 678
bevans@grayjohnson.com.au
> Added benefit of depreciation benefits
> Exclusive podium office in brand new building
> Leased to an established tenant for 5 + 3 + 3 years, commencing 1st September 2009
> A-Grade office accommodation with independent entry foyer and lift
> Returning $72,000 pa, with tenant responsible for all outgoings & GST
> Area: 165m2 plus 80m2 roof terrace and 4 cars
Invest in South Yarra's booming commercial precinct by acquiring an exclusive podium office in this landmark mixed use development. Securely-leased to Axis Consulting Group on a 5 + 3 + 3 year lease, which commenced on 1 September 2009, the tenant has provided a director's guarantee as well as a security deposit. The starting rent is $72,000 pa + outgoings and GST and the lease contains fixed 4% annual increases, with a market review at the commencement of each option period.
The boutique space is complemented by four (4) secure off street car parks plus an expansive 80m2 roof top terrace.
The office benefits from superb natural light and excellent views towards the City, as well as being located adjacent to South Yarra train station and minutes from Chapel Street and Toorak Road.
7 Yarra Street was completed in August this year and incorporates 22 levels of apartments, carparking and four podium office suites.
The immediate area will be further enhanced by the opening of Yarra Lane, which runs alongside 7 Yarra Street and will incorporate high-end retailers with new cafes and specialty retail.
The building is located on the eastern side of Yarra Street, in between Toorak Road and Alexandra Avenue, South Yarra.
It enjoys close proximity to public transport, CityLink freeway network, Chapel Street, Yarra parkland and Church Street, Richmond.
For further details on this property, or to discuss the exciting evolution of this South Yarra precinct, call the specialists - grayjohnson - today.
Ben Evans 0403 427 678
bevans@grayjohnson.com.au
Property ID: 5584970Last Updated: 28 Jun 2013
03 9654 30...
Podium Office 4, 5-7 Yarra Street
South Yarra, VIC 3141
Gray Johnson - Melbourne30 Collins Street.
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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