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21 Victoria St 3,487 SF Office Condo Unit Offered at $1,302,660 in Melbourne, VIC 3000
Investment Highlights
- Whole 9th-floor commercial office with quality existing fitout and modern amenity.
- Attractive yield opportunity of circa 8%+ net return, appealing to both investors and owner-occupiers.
- Renovated bathrooms and shower facilities within the tenancy, fully self-contained.
- Strong holding income of approximately $146,000 per annum with short-term lease and potential for vacant possession.
- Natural light from three sides with exceptional views overlooking Carlton Gardens.
1 Unit Available
| Unit Size | 3,487 SF | Sale Type | Investment or Owner User |
| Price | $1,302,660 | Cap Rate | 8.11% |
| Price Per SF | $373.58 | NOI | $105,660.20 |
| Condo Use | Office |
| Unit Size | 3,487 SF |
| Price | $1,302,660 |
| Price Per SF | $373.58 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| NOI | $105,660.20 |
Description
This whole-floor strata office of around 9th-floor elevation delivers a functional layout with modern finishes and outstanding natural light on three sides. The tenancy is fully fitted and includes private boardroom facilities, offices, and breakout spaces, making it a compelling option for businesses seeking a turn-key solution or investors seeking income security with repositioning potential.
Sale Notes
Level 9 offers a fully self-contained, 9th-floor commercial strata office of premium quality featuring an existing fitout including a boardroom, private offices, and workstations. The space boasts panoramic views of Carlton Gardens, excellent natural light, and recently renovated amenities including bathrooms and a shower. Currently leased with an annual income of approximately $146,000, this property provides strong flexibility for either investment or owner-occupation upon lease expiry.
Property Facts
| Total Building Size | 48,674 SF | Typical Floor Size | 3,746 SF |
| Property Type | Office (Condo) | Year Built | 1993 |
| Building Class | C | Lot Size | 0.10 AC |
| Floors | 13 |
| Total Building Size | 48,674 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 13 |
| Typical Floor Size | 3,746 SF |
| Year Built | 1993 |
| Lot Size | 0.10 AC |
Presented by
21 Victoria St
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