Recently re-zoned to Capital City1, 592 City Rd is ideally located on City Road between Montague and Boundary Street, South Melbourne with direct access to the CBD, Citilink and the Westgate freeways via Montague Street. The property has outstanding EXPOSURE to City Road and is walking distance to Bay Street and Clarendon Street retail precincts along with two tram services. This superb two level brick office building has a building area of 640sqm and is situated on 686sqm of land.
The first floor of the building is leased to Southbank Professional who are accountants and solicitors.
The ground floor of the building is an office/showroom currently leased to City South Physiotherapy and Think Appliances.
In summary 592 City Road is a modern two level office building, leased to three tenants and currently returning $131,400 pa (net) and includes 10 secure car parks on approximately 300sqm of land at the rear of the property.