Gross Waddell ICR are excited to offer For Sale or For Lease 161 Buckhurst Street, South Melbourne.
This standout boutique office development is currently under construction and nearing completion (Q4 2021). Each level has a free-flowing design with an expansive 191 sqm* per floor and a total NLA of 991 sqm*. This iconic 6 level building is perfectly positioned for your business and investment needs being just minutes from Melbourne CBD, South Melbourne Market, Crown Casino, Port Melbourne Retail precinct, Montague St Light Rail, close and easy access to major Melbourne arterials plus much more. A lucrative opportunity to secure a Brand New6-level building which can be purchased in one line or on an individual basis.
• Brand New 6-level office building - offering individual floor stratas
• Scheduled completion Q4 - 2021
• Office areas ranging from 191sqm* to 991sqm*
• Ground floor retail 36 sqm*
• Self-contained offices offering 'New York' inspired design
• Private access to each level via a lift
• Upper floors have fantastic views of the surrounding area
• Significant depreciation benefits
Tenancy Details (Pre-lease):
• Two floors securely leased
• Total rental income: $190,080* PA Net +GST ($95,040* PA Net +GST per floor)
• Five (5) year term (Plus options)
• Fixed 3% annual increase