264-266 Rosslyn Street, West Melbourne, VIC 3003

Offices | Industrial

Sold $1,950,000

  • Property ID: 433167
  • Floor Area: 388m²
  • Land Area: 242m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Whole Building Sold 09/10/2023 388m2 242m2 $1,750,000
A City Fringe Freehold You've Been Waiting For

POINT OF INTEREST:
Sandwiched between the Melbourne CBD and the upcoming Arden urban renewal precinct, this impressive double-storey freehold offers owner-occupiers and investors an opportunity to secure their spot for now and the future. Comprising 388sqm of total building area across the two levels, an adaptable internal fit-out means you can walk in and operate immediately, or reconfigure to suit your needs. Sitting on 242sqm* of Special Use Zone land, the building offers a ground floor suitable for garage/warehouse use, complemented by partitioned office and storages space, kitchen, and bathroom including a shower. The high-clearance sawtooth roof on Level 1 provides ample natural light to the main office area, which includes individual office spaces, boardroom, open plan work space, and staff amenities.

Property features:
- 388sqm* total building area
- 242sqm* land parcel
- For sale with Vacant Possession
- Versatile fit-out across two levels
- 500m* to North Melbourne train station & Flagstaff Gardens
- 500m* from Melbourne CBD and Spencer Street & La Trobe Street trams

Further information on the Arden urban renewal precinct can be found here: Arden Urban Renewal Precinct

POINT OF VIEW:
The Arden urban renewal precinct aspires to accommodate 34,000 new jobs and 15,000 new residents - here's your chance to get ahead of the game!

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Car Spaces: Internal on ground floor
  • Condition: Very Good
  • Air Conditioning: Yes - on Level 1
  • Floors: Concrete / Carpet
  • Lifts: No
  • Height: 2.7m - 4m*
Outgoings
  • Water Rates: $1,340.44pa (approx)
  • Land Tax: $8,375pa (approx)(single holding basis)
  • Council Rates: $3,907.64pa (approx)
West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4408 $286 6.48%
Offices $6187 $341 5.51%
Retail $6562 $252 3.84%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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