Level 1 & 2, 16 Claremont Street South Yarra VIC 3141

Cushman & Wakefield Melbco Strata Markets are excited to present For Sale 'Yarra One', Levels 1 & 2, 16 Claremont Street, South Yarra a bulletproof office investment leased to the Malaysian Consulate on a brand new 10-year term.

- Substantial building area of 954sqm* spanning across two fully self-contained whole floors, 7 car parks and 2 storage units

- Positioned within the state-of-the-art 'Yarra One' project, designed by award winning architecture practice, Fender Katsalidis and complete in 2020.

- Bulletproof lease to the Malaysian Consulate commencing June 2023 with a 10 year term and options extending to May 2040

- Substantial net income of $451,360* p.a. + GST & Outgoings and annual CPI increases

- A meticulously designed interior boasting exceptional quality, meticulously crafted at a cost of $1.3m, includes expansive waiting areas, multiple private meeting rooms and boardrooms, an exclusive office for the consulate general, a spacious kitchen, and luxury end of trip facilities

- Located in the heart of South Yarra's renowned 'Forrest Hill' precinct, a $4 billion urban renewal project that was implemented in 2005 and is now home to over 10,000* residents and workers

- Benefiting from immediate access to one of Melbourne's leading retail scenes, Chapel Street and Toorak Road as well as walking distance to the popular Royal Botanic Gardens and Fawkner Park

- Convenient access to public transport with South Yarra Station located on the doorstep and tram routes (58 & 78) along Toorak Road accommodating those travelling to and from the Melbourne CBD.

For Sale by International Expressions of Interest closing Thursday 19 October 2023 at 12pm

Melbco Strata Markets
George Davies | +61 421 799 489
Anthony Kirwan | +61 431 952 430
Raphael Favas | +61 435 916 380
Jeff Ha | +61 401 145 166

(*Approx.)