Suite 17, Ground Floor, 431 St Kilda Road,
Melbourne, VIC 3004
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Map of Suite 17, Ground Floor, 431 St Kilda Road
Affordable Commercial Investment!
Within renowned mixed use development - Fawkner Towers offering 8% plus net return! Versatile ground floor tenancy of approximately 55m2 currently used as office yet has distinct possibilities to be used as retail function with the added attraction of a single car parking space.
Leased to Retail Media Pty Ltd (www.retailmedia.com.au) since April 2004, the property currently returns $12,332net (from a gross lease of $16,432) per annum up to April 2009 with 4% annual increases. The lease is backed with personal guarantees of the Company's directors plus a security bond of three (3) months rent. The current rent provides scope for growth as it equates to $224 approx m2, where we estimate the current market rent to be in the order of $300per m2.
SUITING $130,000 PLUS BUYERS.
FOR SALE NOW OR AUCTION 20 JUNE AT 12:30PM.
Leased to Retail Media Pty Ltd (www.retailmedia.com.au) since April 2004, the property currently returns $12,332net (from a gross lease of $16,432) per annum up to April 2009 with 4% annual increases. The lease is backed with personal guarantees of the Company's directors plus a security bond of three (3) months rent. The current rent provides scope for growth as it equates to $224 approx m2, where we estimate the current market rent to be in the order of $300per m2.
SUITING $130,000 PLUS BUYERS.
FOR SALE NOW OR AUCTION 20 JUNE AT 12:30PM.
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Property ID: 5271820Last Updated: 5 Jul 2023
03 9699 75...
Suite 17, Ground Floor, 431 St Kilda Road
Melbourne, VIC 3004
Lemon BaxterLevel 1, 68 Clarke Street
SOUTH MELBOURNE, VIC 3205
SOUTH MELBOURNE, VIC 3205
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