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Colliers - Melbourne

231-233 Park Street South Melbourne, VIC 3205

Directions

231-233 Park Street,
South Melbourne, VIC 3205

Shop & Retail

Price information

Sale

Private Sale - $2,290,000

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$83,809
Number of Tenants
1 Tenant
Tenants / Type
Andros Barkers

Private inspections

to arrange a private inspection.
Colliers - Melbourne
Tom Isaksson
Joff Mithen
Oliver Hay

Colliers - Melbourne

Level 30, 367 Collins Street
MELBOURNE, VIC 3000
Colliers - Melbourne
231-233 Park Street
South Melbourne, VIC 3205

Map of 231-233 Park Street

Directions
  • Train stations within 5 km of 231-233 Park Street, South Melbourne, VIC 3205Distance
    Southern Cross Station2 km
    Flinders Street Railway Station2 km
    Flagstaff Station2.7 km
    Melbourne Central Station2.7 km
    Parliament Station2.8 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 231-233 Park Street, South Melbourne, VIC 3205Distance
    25-Cecil St/Park St (South Melbourne)92 m
    24-Clarendon St/Park St (South Melbourne)140 m
    129-Park St/Clarendon St (South Melbourne)147 m
    130a-Raglan St/Clarendon St (South Melbourne)276 m
    26-Ferrars St/Park St (South Melbourne)339 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 231-233 Park Street, South Melbourne, VIC 3205Distance
    Ferrars St/Dorcas St (South Melbourne)435 m
    Coote St/Dorcas St (South Melbourne)517 m
    South Melbourne Market/Cecil St (South Melbourne)529 m
    Queen St/Dorcas St (South Melbourne)545 m
    Ferrars St/City Rd (South Melbourne)790 m
    POWERED BY HERE ©
POWERED BY HERE ©

A TROPHY SOUTH MELBOURNE CORNER FREEHOLD INVESTMENT

  • New 3+3 Year Lease to Andros Barker’s
  • Net Income of $83,809 P.A.
  • Immediate City Fringe Location
Colliers is pleased to present the exclusive opportunity to secure a Trophy South Melbourne Corner Freehold Investment with the following key attributes:

• A stunning two-level trophy corner retail investment with first floor offices with a total GBA of 195sqm* in addition to first floor outdoor deck of 28sqm*.

• Fully leased to Andros Barker’s Australia Pty Ltd, French based multi-national corporation.

• Offered with a brand new 3+3-year lease which commenced in April 2021.

• Current net passing income of $83,809 per annum + GST (as at 1 October 2021)

• In-built rental growth with fixed 3.0% annual rental increases (to market at renewal)

• Exceptional first floor outdoor entertainment area with terrific viewing corridors

• Highly exposed corner site of 156sqm* with frontages to both Park Street and Church Street

• Exceptional and cosmopolitan City Fringe location within close proximity to the Melbourne CBD, the world-renowned Crown Casino, Clarendon Street and South Melbourne Market.

• Commercial 1 Zoning within the City of Port Phillip

• Well serviced by public transport networks including the Park Street and Clarendon Street Trams.

Colliers is pleased to present the opportunity to purchase 231-233 Park Street, South Melbourne via Private Sale - $2,290,000

To arrange an inspection or for more information please contact Colliers Melbourne City Sales team as the exclusive selling agents

Tom Isaksson | +61 422 154 5...
Oliver Hay | +61 419 528 5...
Joff Mithen | +61 430 759 4...

*approx.

Property ID: 503937014Last Updated: 17 Jan 2022

Colliers - Melbourne
Level 30, 367 Collins Street
MELBOURNE, VIC 3000
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