An Architectural Masterpiece | 100% Leased Premium Office Building I Yamaha Corp & The Commons Group

Description

Burgess Rawson, together with Kelly & Kelly Property, are delighted to present to market 80 Market Street, South Melbourne VIC for sale via International Expressions of Interest, closing Wednesday the 14th of August at 3pm AEST.

The Key Investment Highlights:

+ Modern and impressive Billard Leece Architects designed office building completed in 2016.
+ 100% leased to Yamaha (Head Office) and The Commons Group (13 locations).
+ Yamaha Australia: wholly owned by Yamaha Corporation Japan, est, 1897 with over $4.281bn (AUD) in revenue (FY23-24).**
+ The Commons Group: Leading premium co-working office space provider with 13 locations across Melbourne and Sydney.
+ Landlord preferred net leases with tenants paying outgoings including land tax.
+ 3,168 sqm* net lettable building over 5 levels plus secure storage and parking for 37 cars.
+ High value 1,022 sqm* freehold landholding.
+ 4.5 star NABERS energy rating.
+ Incredible position metres from high-end Clarendon Street retail , South Melbourne Market, Woolworths, ALDI and more.
+ Tightly held CBD gateway location, neighbouring DFO South Wharf (5.7 million annual visits***), Melbourne Exhibition Centre, Crown Casino and providing
important access to Inner & outer suburbs of Melbourne via West Gate Freeway and City Road.
+ Net income $1,746,054* pa (September 2024).

For Sale via International Expressions of Interest
Closing Wednesday the 14th of August at 3pm AEST.

For further information or to inspect, please contact the Burgess Rawson or Kelly & Kelly agents.

*Approx
**Yamaha Corporation
***Vicinity Centres

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Contact agents
Shaun Venables Partner
0411 860 865
Romanor Falconer Sales Executive
0413 830 808
Enquiry Form

South Melbourne, VIC

80 Market Street

For Sale by Expression of Interest

This property is part of Portfolio 170

Price: Contact Agent

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