BRAND NEW STATE OF THE ART CITY FRINGE OFFICE FREEHOLD
Whole or Part of Building: Whole Building
Income: $1,600,000.00 + GST
Energy Rating: 5
High quality eleven level corner building positioned for a Master Builders Association award, consisting light-filled office accommodation, ground floor café, end-of-trip facilities, stylish communal areas and secure basement car parking
3,083m2/NLA asset with typical floor plates up to 332sqm/NLA, being a defensive office product with highly attractive depreciation benefits
$1,600,000p.a* net income from 11 tenancies almost fully leased, with 5-year rent guarantees on the few remaining tenancies leasing fast
6 year WALE (at 1st January 2020)
Strategically positioned near Melbourne CBD (1.25km*), surrounded by exceptional amenity, wide range of trending retail offerings, eclectic cafes and restaurants and access to public transport
Location backed by strong occupier demand for smaller format whole floor accommodation and strong prospects for future rental growth.
Surrounding major commercial office tenants include Aesop, Swisse, T2 Tea
Constructed and developed by renowned Pace Development Group, with track record of delivering 100 projects close to $2billion in prime real estate since 1991.
High quality finishes and specification by SJB Architects and interiors
Under construction with practical completion anticipated by Christmas 2019