578 & 580-586 City Road South Melbourne VIC 3205

Allard Shelton is pleased to offer for sale 578 & 580-586 City Road, South Melbourne.

Two outstanding properties to be sold separately or together, both properties benefit from great exposure and extensive frontage to City Road in the heart of South Melbourne

Key benefits include:

578 City Road, South Melbourne:
- Land Area: 463 sqm*
- Current Income: $110,688 per annum* (plus GST)
- High Quality Commercial Office Building with Enormous Upside
- Super City Fringe Location

580-586 City Road, South Melbourne:
- Land Area: 973 sqm*
- Current Income: $199,833 per annum* (plus GST)
- 2 Adjoining Showrooms with Enormous Scope for Future Development
- Street Frontage to City Road: 20 meters*

Combined Property benefits:
- Building Area: 1,544 sqm*
- Site Area: 1,436 sqm*
- The property comprises 3 adjacent buildings with frontage to City Road of 29.6 m*
- 3 separate tenancies
- Current combined income: $310,520.40 per annum* (plus GST)
- Capital City Zone under the Port Philip Planning Scheme
- Located minutes from Melbourne's CBD and within close proximity to the South Melbourne Market and Port Melbourne Beach, this investment has everything at your doorstep.