Cushman & Wakefield Melbco Strata Markets are excited to present The Penthouse, 529 Chapel Street, South Yarra VIC 3141.
- Welcome to the thriving South Yarra Commercial Precinct, one of the most vibrant and sough-after neighborhoods in Australia.
- Winner of New York’s Best of Year ‘Small Office Award’, the penthouse office of 675sqm* comprises an expansive rooftop entertaining terrace, opulent offices, meeting rooms, communal facilities and more.
- Connectivity is your convenience. Walking distance to South Yarra Train Station with multiple tram routes on your front doorstep.
- Leased to ‘red23’, a leading Victorian land sales and marketing specialist. Additional rental income derived through a rare LED signage lease to ‘Maple Media’.
- Current estimated net income of $235,050 + GST + Outgoings p.a. (as at 28.08.23) with fixed annual rental increases per annum.
- The prime corner location positioned opposite Melbourne’s Jam Factory Precinct, a new $1.5billion project aiming to create ‘the best mixed-use precinct in the world’.
- Exclusive office and entertaining attributes, you may seek to reposition this asset to a luxury residence or private hospitality venue into the future (STCA).
- With over $5 billion in new project development pipeline in the immediate surrounds, the desirability and demand for this location is only increasing.
Inspections encouraged – you won’t be disappointed.
For Private Sale
Contact Melbco Strata Markets Today
Oliver Hay | +61 419528 540
Anthony Kirwan | +61 431 952 430
George Davies | +61 421 799 489
Leon Ma 马海翔 | +61 417 070 725
*Approx.- Inner East Melbourne