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Mulcahy Butera - Melbourne

123-133 Peel Street North Melbourne, VIC 3051

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123-133 Peel Street,
North Melbourne, VIC 3051

Development Sites & Land • Offices • Hotel & Leisure

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  • At the City's Doorstep
  • Massive Development Upside (S.T.C.A.)
  • Mixed Use Zone
Sutherland Farrelly in conjunction with Mulcahy Butera are delighted to offer for sale 123 – 133 Peel Street, North Melbourne.

On offer, a 2 level Office/Retail premises with short-term income and a Mixed Use Zone.

The particulars are summarised as follows:

Land Area - 557* sqm
• Peel Street Frontage: 28.42* metres
• Western Boundary: 28.47* metres
• Southern Boundary: 18.64* metres
• Northern Boundary: 18.93* metres

Building Area - 716* sqm
2 level office/retail divided into 3 tenancies, with the two ground floor premises separately occupied and a vacant upper-level office. Built in the early 1970s, the building is predominantly brick in construction, with a metal roof and parking is accessed via the ROW to an allocated area at the rear.

The tenancy details are:

123 – 125 Peel Street, North Melbourne
• Area – 87sqm*
• Tenancy – Master Badminton
• Lease Term plus Options - 3 Years + 3 years
• Commencement Date – 15 February 2020
• Current Rental - $42,407.04 per annum + GST
• Rental Review – 4% annual review
• Estimated Outgoings - $6,045 per annum

133 Peel Street,North Melbourne
• Area – 150 sqm*
• Tenancy – Gnosis Enterprise Holdings Pty Ltd
• Lease Term plus Options - 3 Years + 3 years
• Commencement Date – 1 July 2019
• Current Rental - $44,220 per annum + GST
• Rental Review – 4% annual review
• Estimated Outgoings - $4,100 per annum

LOCATION
The property is located on the western side of Peel Street, between Victoria Street and Queensberry Street. Undoubtedly, its ‘city fringe’ location on the doorstep of Melbourne’s CBD and the world-renowned Victoria Market precinct provides an unparalleled location and enormous mixed use development upside (S.T.C.A.). Public transport is available via a bus route and tram service along Queensberry and Victoria Streets with Melbourne’s Education and Health Services Infrastructure a walk away from the property.

TERMS OF SALE
The property is to offered For Sale by Expression of Interest (EOI), closing Thursday the 11th of November at 4 pm (EDST). We will be seeking a 10% deposit upon signing the contract with settlement 60 – 90 days.

MARKETING AGENTS
To obtain further information please contact

Mulcahy Butera
55 Walsh Street, West Melbourne Vic 3003
mulcahybutera.com

David Butera
0424 388 3...
david@mulcahybutera.com

Robert Butera
0411 630 0...
robert@mulcahybutera.com

—————————

Sutherland Farrelly
43 Agnes Street, East Melbourne Vic 3002
sutherlandfarrelly.com.au

Paul Farrelly
0418 358 9...
pfarrelly@sutherlandfarrelly.com.au

Paul Sutherland
0418 360 1...
psutherland@sutherlandfarrelly.com.au

We welcome your enquiry and we look forward to discussing this opportunity further.



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Property ID: 503873478Last Updated: 1 Dec 2021

Mulcahy Butera - Melbourne

55 Walsh Street
WEST MELBOURNE, VIC 3003
Mulcahy Butera - Melbourne
123-133 Peel Street
North Melbourne, VIC 3051
Mulcahy Butera - Melbourne
55 Walsh Street
WEST MELBOURNE, VIC 3003
Sutherland Farrelly - East Melbourne
43 Agnes Street
EAST MELBOURNE, VIC 3002
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