49-51 Stead Street,
South Melbourne, VIC 3205

Offices

Key property information

Land area

Floor area

Property extent

Zoning

Tenure type

Sold on

Gross Waddell ICR - Commercial

Level 1, 30 Collins Street
MELBOURNE, VIC 3000

49-51 Stead Street

South Melbourne, VIC 3205

Map of 49-51 Stead Street

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A PROMINENT 4 LEVEL CORNER OFFICE INVESTMENT

** SOLD PRIOR TO EOI CLOSE **

• Fully leased to award winning architects Ewert Leaf with a total net rental of $556,348* p.a.
• 7 year lease (comm. August 2018) plus options
• Annual fixed rental increases of 3.75%, market review at option
• Total building area of 1,078m2* over 4 levels, plus additional onsite car parking
• Large floor plates with excellent natural light
• Significant high exposure corner land holding of 406m2* boasting 56m* of total street frontage
• Ideally positioned with South Melbourne’s Commercial Precinct and within close proximity to St Kilda Road, Melbourne CBD and Albert Park Lake
• Well serviced by transport networks including Domain Interchange and future ANZAC Train Station
• NABERS Rating: 3.5 stars

*Approx

For further information please contact the selling agents.

Gross Waddell

Alex Ham 0410 545 2...
Michael Gross 0419 355 5...

Colliers International

Ted Dwyer 0411 312 165
Ben Baines 0438 328 4...
Daniel Wolman 0412 957 839

South Melbourne, 3205 demographic data

The median household income for South Melbourne is $2,101, 11% higher than Greater Melbourne's household income of $1,901. South Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 53% of property owners in South Melbourne have a mortgage.

11,548

Population

$2,101 per week

Median household income

39 years

Median age

Renters

Most residents

Families

Most households

Gross Waddell ICR - Commercial

Level 1, 30 Collins Street
MELBOURNE, VIC 3000