424 St Kilda Road, Melbourne
424 St Kilda Road, Melbourne, VIC, 3004, AU
1,131 m²
JLL Office Investments and Lemon Baxter have the privilege of offering 250 Camberwell Road, Camberwell for sale – a commanding modern building positioned in one of Melbourne’s most recognised precincts – The Camberwell Junction.
Key details of the opportunity include:
The Building
+ A fully refurbished 5-level office building comprising 5,022sqm* NLA with 125* at-grade and basement carparks (1:25 ratio)
+ Recent $3.9m* upgrades to building services, lifts, main lobby, end-of-trip facilities, bathroom amenities and more
+ Long-term ground lease from the Melbourne Anglican Trust Organisation providing investment security and potential upside
+ 4 Star NABERS Energy Rating
Investment Credentials
+ Occupied by four highly reputable tenants on new long term lease deals
+ Anchored by Alexander Spencer (10 years), Cadence Accounting (8 years) and Leaptel (5 years)
+ A highly successful repositioning with over 2,700sqm leased within the past 8 months
+ Weighted Average Lease Expiry (WALE) of 3.63 years* by income
+ Estimated fully leased market net rental of $2,225,438p.a.
Blue Chip Camberwell Junction Locale
+ Unrepeatable location within Camberwell’s renowned Junction, with 50,000* vehicles passing daily**
+ Convenient access to nearby tram networks on Riversdale, Camberwell and Burke Roads as well as nearby Camberwell Train Station (570m*)
+ Camberwell is one of Melbourne’s most established and affluent suburbs, boasting a median house price of $2,700,500^
*Approximately.
**VicRoads.
^Realestate.com.au
To obtain further information or to arrange an inspection, please contact the selling agents.
JLL Office Investments
Josh Rutman | 0411 27 37 46
Tim Carr | 0415 767 915
MingXuan Li 李名轩 | 0498 688 998
Lemon Baxter
Paul O’Sullivan | 0412 410 366
Hans Fan 范安乐 | 0401 882 621
A Commanding Camberwell Junction Building
$3.9m* of Recent Building Upgrades
Lease Deals Ranging from 5-10 Years (All New)