Albert Rd, South Melbourne

Healthcare

Yield

N/A

Purchase price

1,429,000

Strategy

End value on completion of project $126,000 / 5% cap rate = $2,520,000

Location

Unit 2, 150 Albert Road, South Melbourne

Secured for medical specialist. Walking distance to the New Anzac station. Abundant street parking and six car parks on site for the business operations. The property itself is a ground-floor office, but being that it's street-facing and has the ability to sign up the glazing, the property is a standout option. The property was secured at $80,000 under the valuation and asking price.

Albert Rd, South Melbourne

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