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356-362 King Street cnr Walsh Street, West Melbourne, VIC, 3003
Tenanted Investment
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Property Highlights

Versatile City Fringe Corner Freehold
  • Strategic Location Nearby All Amenity
  • Commanding Corner Frontage of 49.55m*
  • Short Term Holding Income

Fitzroys is pleased to offer 356–362 King Street (cnr Walsh Street) West Melbourne for sale.

Key attributes include:

- Highly sought after and strategic corner landholding of 604sqm*

- Versatile two (2) level building of 1,200sqm* presently being utilised for short-stay residential accommodation encompassing ground floor office, twenty-eight (28) residential rooms throughout and external terrace

- Prominently positioned on the corner of King and Walsh Streets with a commanding frontage of 49.55m*

- Multiple on-site car parks and easily accessible to public parking

- Favourable 'mixed used' zone suited to alternate uses and development outcomes (STPA)

- Holding income of $122,712* per annum plus outgoings and GST

- Rapidly gentrifying and densely populated city fringe location

- Excellent opportunity to occupy, develop or value add (STPA)

- Serviced by outstanding amenities nearby including North Melbourne Station, Melbourne & RMIT Universities, Royal Melbourne Hospital medical precinct, Errol Street retail and lifestyle centre and the Queen Victoria Market

- Immediate proximity to Flagstaff Gardens

- Convenient connectivity to major road linkages, Citylink / West Gate Tunnel and only 1.5km* North-West of the CBD

- Remarkable opportunity to acquire a substantial freehold building within Melbourne's booming inner city ring

For further information or an inspection contact David Bourke, Ervin Niyaz or Ben Liu of Fitzroys.

*approx.

Remember to mention you found this property on CommercialReady

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STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
356-362 King Street cnr Walsh Street, West Melbourne, VIC, 3003
STEP 03 Contact a finance professional

Map: 356-362 King Street cnr Walsh Street, West Melbourne, VIC, 3003