Whole building/259-261 Coventry Street South Melbourne VIC 3205

Lemon Baxter is pleased to offer 259-261 Coventry Street, South Mebourne via an expression of interest campaign closing on Wednesday, 27th November 2024 at 12pm (AEDT).

This fully leased investment property, featuring three street access points and a corner location, offers a rare opportunity in the heart of South Melbourne. With two secure tenants and strong annual returns, it's an ideal choice for astute investors.

Key Details:
+ Two tenants: Paper Point (Ground Floor, lease expiring 30/06/26) and Privé Hair Organics (Level 1, lease expiring 7/11/27 with a 1x5yr option)
+ Current net income $174,648* p.a.
+ Land area 228* sqm across two separate titles
+ Total NLA 408* sqm
+ Frontage 15.2*m to Coventry Street
+ 1 Secure carpark located at the rear
+ Corner location- three street access points, offering excellent exposure and accessibility.

Location Highlights:
Positioned in a vibrant South Melbourne pocket, this property enjoys high visibility and is within walking distance to the South Melbourne Market, cafes, and retail shops. Its proximity to public transport and the CBD adds further appeal to this already highly desirable location. The corner positioning highlights its leasing potential with strong foot traffic and excellent exposure.

This is an exceptional opportunity to secure a fully leased investment in a sought-after commercial precinct.

Contact the exclusive Lemon Baxter sales agents below.

Paul O'Sullivan
0412 410 366 | paul@lemonbaxter.com.au

Hans Fan
0401 882 621 | hans@lemonbaxter.com.au

*Approximately