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2. Property Highlights

Serviced Apartment Investment in Abbotsford Leased to 2036
  • 4-level serviced apartment complex
  • Current net rent $2,160,926 p.a.
  • Comprises 51 apartments and 53 car parks

JLL Hotels and Hospitality Group and Gorman Commercial have pleasure in presenting 611 Victoria Street, Abbotsford for sale by Expressions of Interest closing Wednesday 24th April at 2pm.

Currently operating as Corporate Living Accommodation, the property is located within the thriving Victoria Gardens Shopping Centre precinct, nearby the Yarra River, and only 2.5 kilometres from the Melbourne CBD.

Features of this impressive investment property include:

- 4-level serviced apartment complex completed in 2014
- Comprises 51 apartments, 93 keys and 53 basement car parks
- Leased to Abbotsford Tenancy Pty Ltd until 31st July 2036
- Current Net Rent $2,160,926 pa with annual CPI rent reviews
- Entire complex has been recently extensively renovated throughout
- Located within Salta’s Green Square development
- Outstanding inner city Melbourne location with incredible nearby amenity and lifestyle options
- Passive and stable income stream with a long WALE

For Sale via Expressions of Interest Closing Wednesday 24th April 2024 at 2pm (AEST).

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3. Property Location

611 Victoria Street, Abbotsford, VIC, 3067

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4. Due Diligence

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