West Melbourne

Outstanding income generating investment with development upside

Ideally located near Flagstaff Gardens. This freestanding building is near King Street and only a short walk to the CBD.
FOR SALE VIA Expression of Interest Closing 8 May 2025
* Fully leased to multiple tenants for $644,590 net per annum plus gst
* Huge future development upside, while receiving good cash flow. This could be suitable for the dynamic and growing demand for PBSA Student accommodation, or apartments etc (STCA)
* Ground floor contains 4 newly renovated and newly equipped kitchens
* First Floor is leased to reputable education group who also lease kitchens 3 and 4
* This education facility has a 9B certificate for 260 people
* Rooftop Solar to reduce energy bills (circa 30 kw)

* Please look at photos and Virtual Tour
* Information Memorandum available

* Contract and s32 available