PRIME FULLY LEASED INVESTMENT ON SWAN STREET
Exceptionally located, the immediate precinct is undergoing significant development. Directly opposite at 480 Swan Street, Charter Hall and PDG are developing a 32,000 sq m $410 million office project, with Australia Post pre committed on a 10-year lease. This development includes additional infrastructure upgrades including a pedestrian link to Burnley Train Station which will benefit the immediate precinct. The properties are themselves below a recent 6 storey, 53 apartment development Farmer ...
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Exceptionally located, the immediate precinct is undergoing significant development. Directly opposite at 480 Swan Street, Charter Hall and PDG are developing a 32,000 sq m $410 million office project, with Australia Post pre committed on a 10-year lease. This development includes additional infrastructure upgrades including a pedestrian link to Burnley Train Station which will benefit the immediate precinct. The properties are themselves below a recent 6 storey, 53 apartment development Farmer Cutter & Swan.
Key features include:
+ Located in one of Melbourne’s best performing and most sought-after inner-city precincts attracting a growing range of high-quality occupiers.
+ Surrounded by significant development, and immediately opposite one of the city-fringes’ most publicised developments – aprrox. 32,000 sq m of office to be tenanted by Australia Post.
+ Additional commercial and residential development slated over the medium term, increasing local population and spending potential.
+ Four fully leased properties configured as an office tenancy over four shops.
+ Tenanted by a leading architecture and design studio, returning a combined rent of $99,000 per annum plus outgoings plus GST.
+ Recently renewed lease providing certainty of income over the medium term during intensive development on the strip.
+ Outstanding public transport access within short walking distance to a number of tram routes and Burnley Train Station.
+ Set to benefit from infrastructure upgrades associated with the 480 Swan Street development providing for a pedestrian link from Swan Street to Burnley Train Station.
+ Excellent vehicle access with proximity to Punt Road / Hoddle Street, the Eastern Freeway, and the M1 / Monash Freeway.
Key features include:
+ Located in one of Melbourne’s best performing and most sought-after inner-city precincts attracting a growing range of high-quality occupiers.
+ Surrounded by significant development, and immediately opposite one of the city-fringes’ most publicised developments – aprrox. 32,000 sq m of office to be tenanted by Australia Post.
+ Additional commercial and residential development slated over the medium term, increasing local population and spending potential.
+ Four fully leased properties configured as an office tenancy over four shops.
+ Tenanted by a leading architecture and design studio, returning a combined rent of $99,000 per annum plus outgoings plus GST.
+ Recently renewed lease providing certainty of income over the medium term during intensive development on the strip.
+ Outstanding public transport access within short walking distance to a number of tram routes and Burnley Train Station.
+ Set to benefit from infrastructure upgrades associated with the 480 Swan Street development providing for a pedestrian link from Swan Street to Burnley Train Station.
+ Excellent vehicle access with proximity to Punt Road / Hoddle Street, the Eastern Freeway, and the M1 / Monash Freeway.
