11-17 Jeffcott Street, West Melbourne, Vic 3003
Offices
|Land/Development
EOI $11m plus
EOI $11m plus
Published on: 04 Apr 2025
Last updated on: 08 Apr 2025
Property ID: 504832340
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Key property information
Land Size
468.00 m2
Floor Area
936.00 m2
Return on Investment
5
Outstanding income generating investment with development upside
11-17 Jeffcott Street, West Melbourne, Vic 3003
Ideally located near Flagstaff Gardens. This freestanding building is near King Street and only a short walk to the CBD. FOR SALE VIA Expression of Interest Closing 15 May 2025 * Fully leased to multiple tenants for $644,590 net per annum plus gst * Huge future development upside, while receiving good cash flow. This could be suitable for the dynamic and growing demand for PBSA Student accommodation, or apartments etc (STCA) * Ground floor contains 4 newly renovated and newly equipped kitchens * First Floor is leased to reputable education group who also lease kitchens 3 and 4 * This education facility has a 9B certificate for 260 people * Rooftop Solar to reduce energy bills (circa 30 kw) * Please look at photos and Virtual Tour * Information Memorandum available * Contract and s32 available
Property Details
Basic Info
Basic Info
Property Type
OfficesLand/Development
Listing Status
On Market
Land Size
468.00 m2
Address
11-17 Jeffcott Street, West Melbourne, Vic 3003
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Gideon Marcus
Suite 2, Level 4/20 Collins Street, Melbourne, Vic 3000
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Gideon Marcus
Suite 2, Level 4/20 Collins Street, Melbourne, Vic 3000
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Property ID: 504832340
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