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21 Victoria St 3,487 SF Office Condo Unit Offered at $1,769,054 CAD in Melbourne, VIC 3000
Investment Highlights
- Whole 9th-floor commercial office with quality existing fitout and modern amenity.
- Attractive yield opportunity of circa 8%+ net return, appealing to both investors and owner-occupiers.
- Renovated bathrooms and shower facilities within the tenancy, fully self-contained.
- Strong holding income of approximately $146,000 per annum with short-term lease and potential for vacant possession.
- Natural light from three sides with exceptional views overlooking Carlton Gardens.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 8.11% |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
Description
This whole-floor strata office of around 9th-floor elevation delivers a functional layout with modern finishes and outstanding natural light on three sides. The tenancy is fully fitted and includes private boardroom facilities, offices, and breakout spaces, making it a compelling option for businesses seeking a turn-key solution or investors seeking income security with repositioning potential.
Sale Notes
Level 9 offers a fully self-contained, 9th-floor commercial strata office of premium quality featuring an existing fitout including a boardroom, private offices, and workstations. The space boasts panoramic views of Carlton Gardens, excellent natural light, and recently renovated amenities including bathrooms and a shower. Currently leased with an annual income of approximately $146,000, this property provides strong flexibility for either investment or owner-occupation upon lease expiry.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 3,487 SF | Office | $1,769,054 CAD ($507.33 CAD/SF) | $143,489.91 CAD |
-
| Unit Size |
| 3,487 SF |
| Condo Use |
| Office |
| Price |
| $1,769,054 CAD ($507.33 CAD/SF) |
| NOI |
| $143,489.91 CAD |
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| Unit Size | 3,487 SF |
| Condo Use | Office |
| Price | $1,769,054 CAD ($507.33 CAD/SF) |
| NOI | $143,489.91 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| Description | |
| This whole-floor strata office of around 9th-floor elevation delivers a functional layout with modern finishes and outstanding natural light on three sides. The tenancy is fully fitted and includes private boardroom facilities, offices, and breakout spaces, making it a compelling option for businesses seeking a turn-key solution or investors seeking income security with repositioning potential.</li></ul> | |
| Sale Notes | |
| Level 9 offers a fully self-contained, 9th-floor commercial strata office of premium quality featuring an existing fitout including a boardroom, private offices, and workstations. The space boasts panoramic views of Carlton Gardens, excellent natural light, and recently renovated amenities including bathrooms and a shower. Currently leased with an annual income of approximately $146,000, this property provides strong flexibility for either investment or owner-occupation upon lease expiry.</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 | 48,674 SF | Typical Floor Size | 3,746 SF |
| Property Type | Office (Condo) | Year Built | 1993 |
| Building Class | C | Lot Size | 0.10 AC |
| Floors | 13 |
| Total Building Size | 48,674 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 13 |
| Typical Floor Size | 3,746 SF |
| Year Built | 1993 |
| Lot Size | 0.10 AC |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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21 Victoria St
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