Blue Chip Richmond Office Investment

487 Swan Street, Richmond, Victoria 3121

Land For Sale

Auction. Date 30 Nov 2018
Land Area: 550.00 m2.    Floor Area: 754.00 m2.    

Description

Colliers International are pleased to offer for sale 487 Swan Street, Richmond, a boutique three-level office building within Melbourne’s most desirable commercial office precinct.

Perfectly positioned, in the Eastern pocket of Richmond, tenants enjoy direct access to the immediate amenity, Melbourne CBD and the South-Eastern suburbs. Currently fully leased to three tenants, this represents a unique opportunity to add significant capital value through renovation and rental reversion.

Key investment highlights include:

• A triple street fronted corner investment with prime position in the ever-popular Richmond

• Freestanding three level building of 754m²* bathed in natural light from three frontages plus 13 secure undercover car parks

• Strategic corner land holding of 550m²* with substantial 18m* frontage to Swan Street, 30m* frontage to Belgravia Street plus rear lane access

• 100% leased to three quality and longstanding tenants
Total Passing Income After Statutory Outgoings of $237,499.57 per annum* with scope for rental growth

• Commercial 1 Zoning ensures endless long-term development opportunities (STCA)

• Positioned just moments from all modes of transport with tram 60m*, train 160m* and Citylink 400m*

• Surrounded by Australia’s best lifestyle and retail amenity including Swan Street, Bridge Road, Melbourne CBD, The MCG and Yarra River

*Approx

For more information on this outstanding office investment please contact the Colliers International Sales team.

Features

  • Quality office of 754m²*
  • Total Passing Income of $237,499.57* p.a
  • Potential for rental growth

Specifications

Zoning Commercial 1 Zone

Transaction Details

30 Nov 2018
487 Swan Street, RICHMOND VIC 3121, AUSTRALIA

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