417/370 St Kilda Road, Melbourne, VIC 3004
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WHY RENT? - own for as little as $1,800 mth (approx) incl. finance, parking & outgoings*. Quality building, premium location, green environment.
Spacious office currently fitted out as a graphic design studio for 4 people (see pictures), with one generous secure parking space on-site. Opposite the Shrine of Remembrance and Botanic Gardens. Suit Owner Occupier / Investor. Plenty of natural light inside and green space outside.
Inspection by appointment. Please use the contact form on this page to arrange a time.
The building offers quality shared facilities maintained by the Owners Corporation, which include three elevators, generous foyers and lobby, toilets, showers, kitchens and a large and well fitted rooftop meeting facility with views to the Shrine, which is free to book for building occupants.
The new ANZAC train station is being constructed approximately 200m from the building, near the Domain Tram Interchange. Parking is available on street and in commercial carparks near and adjoining the building.
*This estimate is a guide only and is based on financing $175,000 at 5.5% repaid Principal and interest over 25 years. This estimated ownership cost includes Owners Corporation fees, Council Rates, estimated water and power utility costs and parking in the space that you will own.
Excellent value when looking at potential yields as the carpark could rent for approximately $300 per calendar month generating a return of approximately 7.5%. At a rent of $1500 per month plus outgoings the office would yield approximately 8% nett. These workings are provided as an example only and prospective purchasers are advised that they must undertake their own research.
Estimated Outgoings Guide 2018:
Owners Corporation Fees:$5,800
Intention To Purchase:
Offers will only be accepted where the official 'Intention To Purchase' document is submitted along with a holding deposit of $5,000. If you wish to submit an 'Intention To Purchase' please contact us so that we can provide the document and banking details.
Vendors Statement S32 and Contract:
Due to the large volume of documents involved, Section 32 and Contract of Sale documents will only be provided to prospective purchasers once they have submitted an 'Intention To Purchase'. The sale of the property will not be binding or final until the Purchaser has received, reviewed, signed and submitted the Vendors Statement and the Contract of Sale.