15-87 GLADSTONE STREET, SOUTH MELBOURNE

This brand new unique development in South Melbourne features funky 'New York Warehouse Style offices for sale.
It is conveniently located near freeways, train station, Sth Melbourne market and features and on-site cafe and gym.

Suite 2.13 is one of the most attractive studios in this building with ample natural light and 1 car park on title.

Lease particulars are:
o Sale price $360,000
o Rental: $26,260pa + Outgoings + GST
o Estimated net yield: 7.3%
o 3 + 2 years (3 year lease with one 2 year option)
o Rental review: annual increase of 4%
o Commencement date: 1st April 2011
o 1 car park on title

This property can be purchased as a going concern.

For further information call Astrid on 9690 6464 or 0408 873 438.

(Please note photos feature a display suite)