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Cayzer Real Estate  - Albert Park

339 Ferrars Street South Melbourne, VIC 3205

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339 Ferrars Street,
South Melbourne, VIC 3205

Shops & Retail • Offices • Development Sites & Land

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ULTIMATE ADD VALUE AND OCCUPY OPPORTUNITY WITH 23+ METRES FRONTAGE

The most exciting Mixed Use site in the Albert Park vicinity with possibly the best garage in the area housing 6-7 cars.
A rare opportunity to obtain high income streams from 5 current tenancies (including Optus) and occupy part or increase income immediately whilst planning for refurbishment or redevelopment STA. Great residential potential (sta).
Multiple bathrooms and kitchenette facilities with a full kitchen and 2 renovated bathrooms in the top floor apartment/office for private use.

Overlooking St Vincent Place gardens, a stroll to Albert Park Lake, shops, parkland and MSAC with the light rail to the city adjacent.

Current income $111,000 pa approx, with immediate potential for $160,000 pa or more (est) as is.

Note - garage and top floor predominantly vacant possession.
Land 237 sqm Building 510 sqm (approx).

Property ID: 503446538Last Updated: 21 Apr 2020

Cayzer Real Estate - Albert Park

330 Montague Street
ALBERT PARK, VIC 3206
03 9699 59...
Cayzer Real Estate  - Albert Park
339 Ferrars Street
South Melbourne, VIC 3205

Detailed listing

Cayzer Real Estate - Albert Park
330 Montague Street
ALBERT PARK, VIC 3206

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