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Level 4, 201 Fitzroy Street, St Kilda, VIC, 3182

2. Property Highlights

  • NET INCOME $281,406 PER ANNUM (AUG 2023)

Knight Frank in conjunction with Property Edge is excited to present this fully refurbished whole-floor tenanted investment for sale by Private Sale.

The property is securely leased on a brand-new 5 + 5-year lease to ‘Cummins & Partners’, who have occupied the property for 11-years.

Level 4 offers sweeping views of Albert Park, Melbourne CBD and Port Phillip Bay. Situated on the southern side of Fitzroy Street, approximately 150 metres from St Kilda junction and just 800 metres from St Kilda Beach.

Level 4 Key Features –

- New 5 + 5-year lease term commenced August 2022 with a strong income of $281,406 per annum plus GST & outgoings (Rent at August 2023).

- Security deposit equal to Three (3) month rental & outgoings.

- Long-term Lease to International award-winning Creative & Media agency ‘Cummins & Partners’.

- Fully refurbished whole-floor 760sqm office featuring an extensive modern fit out with no expense spared.

- 7 Allocated Car Spaces on individual titles.

- 3% annual rental increases on date of lease anniversary.

- Views over Albert Park, Melbourne CBD & Port Phillip Bay, approximately 150m from St Kilda Junction, 800m from St Kilda Beach and on the immediate fringe of Melbourne CBD.

- Tenancy occupied by ‘Cummins & Partners’ for 11-years

For further information, please contact the exclusive sales agents or visit the weblink below.

Property Edge Australia – Chris Lang 0425 791 254

Remember to mention you found this property on CommercialReady

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3. Property Location

Level 4, 201 Fitzroy Street, St Kilda, VIC, 3182

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4. Due Diligence

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Level 4, 201 Fitzroy Street, St Kilda, VIC, 3182 St Kilda
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