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87 Gladstone St 4,768 SF Office/Retail Condo Unit in SOUTH MELBOURNE, VIC 3205
Investment Highlights
- Located in South Melbourne with immediate proximity to the central business district.
- Features on-site car parking and access to shared building amenities.
- Comprises multiple strata-titled commercial units within one building footprint.
Executive Summary
The property is a commercial premises located at 87 Gladstone Street in South Melbourne. It encompasses multiple units within a stratified building and includes designated car parking onsite. The structure incorporates lift access and shared amenities servicing the various strata holdings. The surrounding environment includes a mix of commercial and lifestyle facilities positioned in a city-fringe location. Connectivity to Melbourne’s CBD and major transport routes, including the Westgate Freeway, forms part of the property’s broader context.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 5 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 5 |
Description
The strata arrangement for this property consists of five separately titled commercial suites within a multi-unit building. Each suite is recorded as an individual lot under the strata plan, providing distinct ownership rights and responsibilities. The common property under the strata scheme includes shared areas such as the building lobby, lift access, and amenities. Owners within the strata are required to contribute proportionally to maintenance and management of these shared facilities. This structure allows for separate transactions and ownership within the same building framework.
Sale Notes
This offering includes a collection of five individually titled suites within one property, providing flexibility in acquisition. Interested parties may explore options to purchase the entire property in one transaction, subject to the terms outlined in the sale process. Documentation is expected to detail title specifics, ownership responsibilities, and conditions applicable to the transaction timeline. Due diligence materials will be relevant to the strata arrangements and shared services included in the property.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 4,768 SF | Office/Retail | Upon Request | - |
-
| Unit Size |
| 4,768 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| - |
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-
| Unit Size | 4,768 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 5 |
| Description | |
| The strata arrangement for this property consists of five separately titled commercial suites within a multi-unit building. Each suite is recorded as an individual lot under the strata plan, providing distinct ownership rights and responsibilities. The common property under the strata scheme includes shared areas such as the building lobby, lift access, and amenities. Owners within the strata are required to contribute proportionally to maintenance and management of these shared facilities. This structure allows for separate transactions and ownership within the same building framework.</li></ul> | |
| Sale Notes | |
| This offering includes a collection of five individually titled suites within one property, providing flexibility in acquisition. Interested parties may explore options to purchase the entire property in one transaction, subject to the terms outlined in the sale process. Documentation is expected to detail title specifics, ownership responsibilities, and conditions applicable to the transaction timeline. Due diligence materials will be relevant to the strata arrangements and shared services included in the property.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 85,562 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 21,388 SF |
| Property Subtype | Apartment | Year Built | 2012 |
| Building Class | B | Lot Size | 0.06 AC |
| Total Building Size | 85,562 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 21,388 SF |
| Year Built | 2012 |
| Lot Size | 0.06 AC |
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1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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87 Gladstone St
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