| House | $1,638,200  |
| Unit | $718,500  |
Surrounding suburbs
| Albert Park | $2,267,600 |
| Docklands | $1,487,200 |
| Melbourne | $590,000 |
| Port Melbourne | $1,603,000 |
| Southbank | $946,700  |
| More Photos |
| Map | Nearby prices |
| Property Description: |
Combine the following ingredients: * Corner of Market & Northumberland Streets - site of some 496sqm (approx) * Older style warehouse 450sqm (approx) * National tenant (Pedders Shock Absorbers Service Pty Ltd) * Business Zone 3 * Side access off Kent Place * Magnificent upside * Current annual net income $60,528 plus GST * Lease expiry 30 November 2013 * Lessee right of renewal is 5 years * 4% fixed annual increases This property will be offered for sale via Public Auction onsite, on Thursday 14th March 2013 at 1.00pm unless sold prior. Arguably one of South Melbourne's must have properties, the opportunity speaks for itself. For further information please contact the exclusive listing agents. Lot/Plan No: 1/LP55761 |
| Planning History: |
| [21 Nov 2005] Demolition of existing sheds on site and construction of a three storey office building with 19 on-site car parking spaces and 7-lot subdivision and dispensation from the car parking requirements contained within the Planning Scheme. |
| [11 Aug 2006] Demolition of existing sheds on site and construction of a three storey office building with 19 on-site car parking spaces and 7-lot subdivision and dispensation from the car parking requirements contained within the Planning Scheme. |
| [25 Oct 2006] Demolition of existing sheds on site and construction of a three storey office building with 20 on-site car parking spaces and 8-lot subdivision and dispensation from the car parking requirements contained within the Planning Scheme. |
| [11 Apr 2007] Use of the land for motor vehicle sales, Roadworthy Certificate testing and mechanical repairs |
| Search neighbour's planning permit |
| Property report from Government |
| Nearby Schools: | ||||||||
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| Comments: | |
