339 Ferrars Street, SOUTH MELBOURNE

The most exciting Mixed Use site in the Albert Park vicinity with possibly the best garage in the area housing 6-7 cars.
A rare opportunity to obtain high income streams from 5 current tenancies (including Optus) and occupy part or increase income immediately whilst planning for refurbishment or redevelopment STA. Great residential potential...

The most exciting Mixed Use site in the Albert Park vicinity with possibly the best garage in the area housing 6-7 cars.
A rare opportunity to obtain high income streams from 5 current tenancies (including Optus) and occupy part or increase income immediately whilst planning for refurbishment or redevelopment STA. Great residential potential (sta).
Multiple bathrooms and kitchenette facilities with a full kitchen and 2 renovated bathrooms in the top floor apartment/office for private use.

Overlooking St Vincent Place gardens, a stroll to Albert Park Lake, shops, parkland and MSAC with the light rail to the city adjacent.

Current income $111,000 pa approx, with immediate potential for $160,000 pa or more (est) as is.

Note - garage and top floor predominantly vacant possession.
Land 237 sqm Building 510 sqm (approx).