Medical/Consulting For Sale In Melbourne VIC

Leased to a long term tenant, this property is located within the magnificent Manchester Unity Building on the corner of Swanston and Collins Streets in the middle of Melbourne's CBD. The tenant has been operating out of these premises for over 24 years and has recently extended the lease for a further two years. Leased for 2 years commencing 1 December 2019 at a gross rental of $17,900pa + GST. Outgoings equate to $4,841pa. Net rental equates to $13,059pa (approx).

A refurbished circa 1915 double storey brick residence comprising 16 individual rooms of varying size and configuration, in addition to two 1960s double storey detached buildings at the rear which have undergone substantial renovation, comprising 17 individual rooms, all currently being utilised for short term rental and boarding house style accommodation. The property includes communal bathrooms, kitchen and common area. The property is owned and operated by an on-site manager with all accommodation rooms leased under residential tenancy agreements. A bond is paid and generally six weeks notice is required to be given by the tenant if they intend to vacate. Conveniently located on tree lined Dandenong Road between Orrong Road and Hotham St. This is a great location from which to either walk to Glenferrie Road or catch the tram to Fitzroy St or St Kilda Baths for great coffee or dine at one of the many restaurants and cafes. Unique opportunity to refurbish, upgrade or possible redevelopment (STCA) this property. Key features include: * Three separate buildings comprising of 34 rooms * Previously run as a Boarding House * Land area 996m2 approx * Residential 1 zoning * Short Term Income * 10% deposit, balance 30/60 days