559-565 Queensberry Street,
North Melbourne, VIC 3051
Medical & Consulting • Offices • Development Sites & Land
Key property information
Land area
Floor area
Car spaces
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$762,841
Number of Tenants
2 Tenants
Tenants / Type
Genea & VAU
Private inspections
to arrange a private inspection.
Map of 559-565 Queensberry Street
Train stations within 5 km of 559-565 Queensberry Street, North Melbourne, VIC 3051 Distance Arden Station 708 m North Melbourne Station 745 m Parkville Station 880 m Flagstaff Station 1.2 km Macaulay Station 1.4 km POWERED BY HERE ©Tram stops within 5 km of 559-565 Queensberry Street, North Melbourne, VIC 3051 Distance 12-North Melbourne Town Hall/Errol St (North Melbourne) 70 m 12-North Melbourne Town Hall/Queensberry St (North Melbourne) 71 m 13-Curzon St/Queensberry St (North Melbourne) 94 m 11-Victoria St/Errol St (North Melbourne) 216 m 11Errol StVictoria St Melbourne City 242 m POWERED BY HERE ©Bus stops within 5 km of 559-565 Queensberry Street, North Melbourne, VIC 3051 Distance O'Shanassy St/Errol St (North Melbourne) 379 m Curzon StHaines St 466 m Courtney St/Wreckyn St (North Melbourne) 473 m Harcourt StCourtney St 478 m Dowling PlWreckyn St 486 m POWERED BY HERE ©
POWERED BY HERE ©
Fully Leased Landmark Investment Anchored by National Medical Tenant
- ISLAND SITE WITH 4 STREET FRONTAGES
- 100% OCCUPIED WITH 3.8 YEAR WALE
- AMPLE ON-SITE CARPARKS (REAR)
Tiga Commercial is excited to present this outstanding opportunity For Private Sale at 559-565 Queensberry Street, North Melbourne with the following property highlights:
- Superior two (2) level medical/office building, fully leased to leading national medical tenant, Genea and The Victorian Ambulance Union (VAU) with ample on-site carparks (rear).
- Impressive 1,182sqm* island site and expansive 1,552 sqm* building area, the property boasts four (4) frontages, providing easy access and strong natural light throughout.
- Favourable Mixed-Use Zoning (MUZ), allowing for multitude of uses (STCA)
- Recently upgraded building features including lobby entrance, waiting area, lift, façade refurbishment works, disabled access and amenities on both floors.
- Combined passing rental income of $762,841.46 p.a. plus GST plus Outgoings, with a 3.8-year WALE and additional options respectively.
- Immediate access to Errol Street retail precinct, close proximity to The University of Melbourne, The Royal Women & Children’s Hospitals, Queen Victoria Market, as well as being 1.5km* to the Melbourne CBD grid.
- Surrounded by an array of well-regarded cafés, bars, restaurants, vibrant specialty retail shops, as well as North Melbourne library.
- Unmatched public transport amenity with Queensberry St tram stop at the building’s doorstep, bus links, as well as being 750m* from the upcoming Arden Station (part of $12.6bn Metro Tunnel Project); 900m* from North Melbourne Station; Rear onsite carparks adjoin neighbouring council carparks with approx. 40+ public car spaces.
- 559-565 Queensberry Street, North Melbourne presents as an ideal investment for investors seeking an income-generating asset with substantial landholding, with added potential for future development (STCA) in a booming inner-city location.
For Private Sale.
For more information, please contact the Tiga team:
Griffin Barrett +61 434 620 3...
Martin Leong 梁文伟 +61 425 699 7...
David Sia +61 430 111 2...
*Approximate
- Superior two (2) level medical/office building, fully leased to leading national medical tenant, Genea and The Victorian Ambulance Union (VAU) with ample on-site carparks (rear).
- Impressive 1,182sqm* island site and expansive 1,552 sqm* building area, the property boasts four (4) frontages, providing easy access and strong natural light throughout.
- Favourable Mixed-Use Zoning (MUZ), allowing for multitude of uses (STCA)
- Recently upgraded building features including lobby entrance, waiting area, lift, façade refurbishment works, disabled access and amenities on both floors.
- Combined passing rental income of $762,841.46 p.a. plus GST plus Outgoings, with a 3.8-year WALE and additional options respectively.
- Immediate access to Errol Street retail precinct, close proximity to The University of Melbourne, The Royal Women & Children’s Hospitals, Queen Victoria Market, as well as being 1.5km* to the Melbourne CBD grid.
- Surrounded by an array of well-regarded cafés, bars, restaurants, vibrant specialty retail shops, as well as North Melbourne library.
- Unmatched public transport amenity with Queensberry St tram stop at the building’s doorstep, bus links, as well as being 750m* from the upcoming Arden Station (part of $12.6bn Metro Tunnel Project); 900m* from North Melbourne Station; Rear onsite carparks adjoin neighbouring council carparks with approx. 40+ public car spaces.
- 559-565 Queensberry Street, North Melbourne presents as an ideal investment for investors seeking an income-generating asset with substantial landholding, with added potential for future development (STCA) in a booming inner-city location.
For Private Sale.
For more information, please contact the Tiga team:
Griffin Barrett +61 434 620 3...
Martin Leong 梁文伟 +61 425 699 7...
David Sia +61 430 111 2...
*Approximate
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If you'd like to inspect this property in person, please to arrange a private inspection.
Additional information
External websites
North Melbourne, 3051 demographic data
The median household income for North Melbourne is $1,717, 10% lower than Greater Melbourne's household income of $1,901. North Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 57% of property owners in North Melbourne have a mortgage.
14,953
Population
$1,717 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
559-565 Queensberry Street
North Melbourne, VIC 3051
Tiga Commercial - MelbourneLevel 11, 410 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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