470 Bourke Street & 449 Little Bourke Street, Melbourne_Property for Sale
470 Bourke Street & 449 Little Bourke Street, Melbourne_Property for Sale
470 Bourke Street & 449 Little Bourke Street, Melbourne, VIC, 3000, AU

470 Bourke Street & 449 Little Bourke Street, Melbourne

Asset Description

The JLL Melbourne CBD Sales team has the exclusive privilege of offering for sale this strategically located freehold in the heart of the Melbourne CBD. 


Key details of the opportunity include: 


+ A modern 9-level office building of 3,339sqm*  

+ Adjoining land utilised for car parking for 16 vehicles 

+ Total land area of 916sqm* with 3 street frontages 

+ 3+3 year lease to Australian Technical & Management College (ATMC)  

+ Current Net Income: $1,800,000 per annum* 

+ Entire lease term rental payable at settlement ($5.4m*) 

+ Extremely well-presented building with ~$4.3 million spent on upgrades in recent years 

+ The rear land has additional planning approval for an 11-level office building 

+ An ideal Central CBD location within a precinct that is undergoing major transformation with many new projects completed and in progress, underpinning the future growth potential  


*Approx. 


To obtain further information or to arrange an inspection, please contact the exclusive selling agent. 


Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46 

MingXuan Li 李名轩 | 0498 688 998

...

Attributes

Building area net
3,339 m²
Land area gross
916 m²

Media

Investment Highlights

Modern building with adjoining land

Fully leased building

Entire lease term rental paid up-front

470 Bourke Street & 449 Little Bourke Street, Melbourne 4_Property for Sale
470 Bourke Street & 449 Little Bourke Street, Melbourne 4_Property for Sale

Contact brokers

470 Bourke Street & 449 Little Bourke Street, Melbourne (0 Properties)

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Last updated
24 Oct 2024