• Short -Term Income
• Massive Development Upside (S.T.C.A.)
• Mixed Use Zone

Sutherland Farrelly in conjunction with Mulcahy Butera are delighted to offer for sale 123-133 Peel Street, North Melbourne.

On offer, a 2 level Office/Retail premises with short-term income and a Mixed Use Zone.

The particulars are summarised as follows:

Land Area – 557* sqm
Peel Street Frontage: 28.42* metres
Western Boundary: 28.47* metres
Southern Boundary: 18.64* metres
Northern Boundary: 18.93* metres

Building Area – 716* sqm
2 level office/retail divided into 3 tenancies, with the two ground floor premises separately occupied and a vacant upper-level office. Built in the early 1970s, the building is predominantly brick in construction, with a metal roof and parking is accessed via the ROW to an allocated area at the rear.

The tenancy details are:

123 125 Peel Street, North Melbourne
Area 87 sqm*
Tenancy Master Badminton
Lease Term plus Options – 3 Years + 3 years
Commencement Date 15 February 2020
Current Rental – $42,407.04 per annum + GST
Rental Review 4% annual review
Estimated Outgoings – $6,045 per annum

133 Peel Street,North Melbourne
Area 150 sqm*
Tenancy Gnosis Enterprise Holdings Pty Ltd
Lease Term plus Options – 3 Years + 3 years
Commencement Date 1 July 2019
Current Rental – $44,220 per annum + GST
Rental Review 4% annual review
Estimated Outgoings – $4,100 per annum

LOCATION
The property is located on the western side of Peel Street, between Victoria Street and Queensberry Street. Undoubtedly, its ‘city fringe’ location on the doorstep of Melbourne’s CBD and the world-renowned Victoria Market precinct provides an unparalleled location and enormous mixed use development upside (S.T.C.A.). Public transport is available via a bus route and tram service along Queensberry and Victoria Streets with Melbourne’s Education and Health Services Infrastructure a walk away from the property.

TERMS OF SALE
The property is offered For Sale by Expression of Interest (EOI), closing Thursday 11 November at 4pm. We are seeking a 10% deposit upon signing the contract with settlement 60 90 days.

MARKETING AGENTS
To obtain further information please contact

Mulcahy Butera
55 Walsh Street, West Melbourne Vic 3003
mulcahybutera.com

David Butera
0424 388 348
david@mulcahybutera.com

Robert Butera
0411 630 036
robert@mulcahybutera.com

Sutherland Farrelly
43 Agnes Street, East Melbourne Vic 3002
sutherlandfarrelly.com.au

Paul Farrelly
0418 358 998
pfarrelly@sutherlandfarrelly.com.au

Paul Sutherland
0418 360 162
psutherland@sutherlandfarrelly.com.au

We welcome your enquiry and we look forward to discussing this opportunity further.

*approx.