129-131 Market Street, South Melbourne VIC

For Sale

Showrooms/Bulky Goods

SOLD

450m2

Savills and M.G.O'Halloran are delighted to offer For Sale by Auction this fantastic corner investment, with significant future development upside.

Key attributes of this property are:

- Prime corner land holding of 493sq m*
- Quality existing building of 450sq m*
- Three street frontages totalling 51 metres*
- Commercial 2 Zone
- 5 year lease in place to national tenant – Pedders (expiring December 2018 – no options)
- Current Net Rental: $68,640p.a. + O/G’s + GST
- Fixed 4% rental increases
- Magnificent location between City Road and Cecil Street, surrounded by South Melbourne’s best amenity including South Melbourne Market and bustling Clarendon Street
- A fantastic opportunity, providing a full range of investment, owner-occupation and redevelopment opportunities
- An ideally located corner landholding with significant redevelopment potential!

129-131 Market Street, South Melbourne is For Sale by Public Auction on Friday 10 July at 12 noon on-site.

For further information, please contact:

Savills:

Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702

M.G.O'Halloran:

Martin O'Halloran - 0417 545 344