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CBRE - Victoria
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97 Tope Street South Melbourne, VIC 3205

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97 Tope Street South Melbourne, VIC 3205

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Land area

736.0m²

Floor area

1827.0m²

Tenure type

Tenanted Investment

Sold on

27 Mar 2019

PREMIUM CHILD CARE CENTRE LOCATED WITHIN FLAGSHIP MUNICIPALITY 1.5KM* FROM THE MELBOURNE CBD

  • 15 + 10 + 10 year lease
  • Specialised child care fitout
  • Permit for 120 places
OVERVIEW

+ Annual income of $434,700pa* + outgoings + GST + fixed 3.5% annual increases (significant rental upside — market review 2021)

+ Commanding 1,827sqm* building area

+ Corner landholding with dual street frontages

+ Tenant owned by Partners Group, a multinational investment fund with $118 billion under management

+ Staggering fit out costs estimated at $6,300,000*

+ Leased to national tenant with over 100 centres nationwide and an impressive 15 year history

LOCATION

+ Exceptional city fringe location, just 850m* to the world renowned Crown Casino & Melbourne CBD (1.5km*)

+ Only 980m* from the brand new South Melbourne Primary School, the first vertical government school in Victoria which will accommodate more than 525 students

+ South Melbourne has a median house price in excess of $1,500,000 making for strong underlying land value**

EXPRESSIONS OF INTEREST NOW CLOSED

For further information contact the exclusive selling agents:

Josh Twelftree
+61 452 524 985

Sandro Peluso
+61 418 389 757

Jimmy Tat
+61 439 399 118

*approx

Property ID: 503109010Last Updated: 28 May 2019

CBRE - Victoria
97 Tope Street
South Melbourne, VIC 3205
Josh Twelftree
Jimmy Tat
Sandro Peluso

CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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CBRE - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Josh Twelftree

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Josh Twelftree
CBRE - Victoria
97 Tope Street South Melbourne, VIC 3205

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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