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559-565 Queensberry Street, North Melbourne, VIC 3051


Fully Leased Landmark Investment Anchored by National Medical Tenant, Island Site with 4 Street Frontages, 100% Occupied with 3.8 Year Wale, Ample On-Site Carparks (Rear)

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 Private Sale.

Property Info

Municipality
North Melbourne
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