SOUTH MELBOURNE
80 Market Street

  • $1,746,000 net income
  • State Land Tax recoverable
  • Quality Building, Quality Tenants
Located just off Clarendon Street in the heart of South Melbourne. Easy stroll to the Clarendon Street retail strip & South Melbourne Market.
A sensational city fringe location with tram & light rail within easy walking distance.
An Architectural Masterpiece
100% Leased Premium Office Building to
Yamaha Corp & The Commons Group
Timeless Billard Leece Designed Office
3,168sqm of NLA, 5 levels, 4.5 NABERS
High value 1,022sqm Freehold
Kelly & Kelly Property are delighted to present to market 80 Market Street, South Melbourne VIC for private sale.

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).



  Property ID: 500854622

Key Information:
Property Type: Office, Office / Showroom, Other
Office m2: 3,168
Total m2: 3,168 sqm approx
Land Area: 1,025 sqm approx

Price: For Sale
Return 6.72%
Car Parking: 36 basement car parks (stacker system)
Availability: Now
NABERS: 4.5 Star NABERS Energy Rating

Contact Agent:

Anthony Kelly
M: 0411 740 394
E: akelly@kellyproperty.com.au

Gordon Kelly
M: 0411 693 859
E: gkelly@kellyproperty.com.au

 

Disclaimer: The information contained here in has been obtained from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.