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24 Groom St 9,957 SF 100% Leased Office Building Clifton Hill, VIC 3068 For Sale
Investment Highlights
- Landmark three-level heritage building with modern upgrades.
- Current net income of $266,817 per annum; potential fully leased income of $406,000 per annum.
- Seven on-title car spaces and lift access (passenger and goods).
- Total building area of approx. 925 m² with extensive amenities.
- Penthouse level available for occupation or additional rental income.
- Expansive city skyline views and premium inner-north location.
Executive Summary
24 Groom Street presents a rare opportunity to acquire a landmark building in one of Melbourne’s most desirable inner-north locations. Originally constructed in 1911, this three-level heritage property has been meticulously restored to blend authentic architectural character with modern design and premium amenities.
Offering a total building area of approximately 925 m², the property is currently generating a strong holding income of $266,817 per annum (net), with secure leases in place on the first two levels. The penthouse level is available for immediate occupation or leasing, providing significant rental upside and flexibility for owner-occupiers.
Features include extensive amenities across all levels, a passenger and goods lift, and seven on-title car spaces. The property also boasts expansive city skyline views and benefits from a flexible Mixed Use zoning, allowing for potential residential conversion.
Strategically positioned on the fringe of Melbourne’s CBD, the property offers excellent connectivity to major arterials and public transport, making it an exceptional investment or owner-occupier opportunity in a tightly held market.
Offering a total building area of approximately 925 m², the property is currently generating a strong holding income of $266,817 per annum (net), with secure leases in place on the first two levels. The penthouse level is available for immediate occupation or leasing, providing significant rental upside and flexibility for owner-occupiers.
Features include extensive amenities across all levels, a passenger and goods lift, and seven on-title car spaces. The property also boasts expansive city skyline views and benefits from a flexible Mixed Use zoning, allowing for potential residential conversion.
Strategically positioned on the fringe of Melbourne’s CBD, the property offers excellent connectivity to major arterials and public transport, making it an exceptional investment or owner-occupier opportunity in a tightly held market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,957 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,315 SF
Building FAR
0.52
Lot Size
0.44 AC
Parking
7 Spaces (0.71 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Kitchen
- Demised WC facilities
- Natural Light
- Shower Facilities
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24 Groom St
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