559-565 Queensberry Street, North Melbourne, 559-565 Queensberry Street, North Melbourne

Tiga Commercial is excited to present this outstanding opportunity For Sale at 559-565 Queensberry Street, North Melbourne with the following property highlights: 

• Superior two (2) level medical/office building, fully leased to leading national medical tenant, Genea and The Victorian Ambulance Union (VAU) with ample on-site carparks (rear).
• Impressive 1,182sqm* island site and expansive 1,552 sqm* building area, the property boasts four (4) frontages, providing easy access and strong natural light throughout.
• Favourable Mixed-Use Zoning (MUZ), allowing for multitude of uses (STCA).
• Recently upgraded building features including lobby entrance, waiting area, lift, façade refurbishment works, disabled access and amenities on both floors.
• Combined passing rental income of $762,841.46 p.a. plus GST plus Outgoings, with a 3.8-year WALE and additional options respectively.
• Immediate access to Errol Street retail precinct, close proximity to The University of Melbourne, The Royal Women & Children’s Hospitals, Queen Victoria Market, as well as being 1.5km* to the Melbourne CBD grid.
• Surrounded by an array of well-regarded cafés, bars, restaurants, vibrant specialty retail shops, as well as North Melbourne library. 
• Unmatched public transport amenity with Queensberry St tram stop at the building’s doorstep, bus links, as well as being 750m* from the upcoming Arden Station (part of $12.6bn Metro Tunnel Project); 900m* from North Melbourne Station; Rear onsite carparks adjoin neighbouring council carparks with approx. 40+ public car spaces.
• 559-565 Queensberry Street, North Melbourne presents as an ideal investment for investors seeking an income-generating asset with substantial landholding, with added potential for future development (STCA) in a booming inner-city location.

For Sale Via Expression of Interest (EOI) Campaign closing Tuesday, 3rd December at 12.00pm (AEDT), unless sold prior. 

*Approximate