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350 La Trobe St - Centro Apartments 2,152 SF Office Condo Unit Offered at $1,474,211 CAD in Melbourne, VIC 3000



Investment Highlights
- Exclusive 24-hour ground floor street access for secure and convenient entry.
- Prime CBD location near Flagstaff Gardens and major transport hubs including Melbourne Central and Flagstaff stations.
- Natural light from La Trobe Street frontage and rear laneway windows.
Executive Summary
Centro Apartments was originally constructed as an office tower in 1968 and converted into apartments in 1994.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
An outstanding opportunity to acquire a whole-floor office in Melbourne’s CBD, this mezzanine-level property at 350 La Trobe Street combines strong investment fundamentals with exceptional location benefits. The tenancy spans approximately 200 sqm and features a flexible open-plan layout complemented by private offices and boardroom spaces. Natural light floods the space from both La Trobe Street frontage and a rear laneway, creating a bright and functional work environment.
The property offers exclusive 24-hour ground floor street access, internal kitchen and toilet facilities, and a secure setting within the Centro Apartments building. Positioned near Flagstaff Gardens and within walking distance of Melbourne Central and Flagstaff train stations, the location ensures excellent connectivity and access to key amenities.
Currently leased on a short-term basis at $77,000 per annum plus GST, the property includes an optional new three-year term commencing March 24, 2027, at $90,000 per annum, providing future income security. Estimated annual outgoings total approximately $16,577.61, including Owners Corporation fees, council rates, and water charges. This is a rare chance to secure a well-priced investment in a tightly held CBD precinct with strong tenant appeal and long-term upside.
The property offers exclusive 24-hour ground floor street access, internal kitchen and toilet facilities, and a secure setting within the Centro Apartments building. Positioned near Flagstaff Gardens and within walking distance of Melbourne Central and Flagstaff train stations, the location ensures excellent connectivity and access to key amenities.
Currently leased on a short-term basis at $77,000 per annum plus GST, the property includes an optional new three-year term commencing March 24, 2027, at $90,000 per annum, providing future income security. Estimated annual outgoings total approximately $16,577.61, including Owners Corporation fees, council rates, and water charges. This is a rare chance to secure a well-priced investment in a tightly held CBD precinct with strong tenant appeal and long-term upside.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 2,152 SF | Office | $1,474,211 CAD ($685.04 CAD/SF) | - |
-
| Unit Size |
| 2,152 SF |
| Condo Use |
| Office |
| Price |
| $1,474,211 CAD ($685.04 CAD/SF) |
| NOI |
| - |
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Map
-
| Unit Size | 2,152 SF |
| Condo Use | Office |
| Price | $1,474,211 CAD ($685.04 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| An outstanding opportunity to acquire a whole-floor office in Melbourne’s CBD, this mezzanine-level property at 350 La Trobe Street combines strong investment fundamentals with exceptional location benefits. The tenancy spans approximately 200 sqm and features a flexible open-plan layout complemented by private offices and boardroom spaces. Natural light floods the space from both La Trobe Street frontage and a rear laneway, creating a bright and functional work environment.<br> The property offers exclusive 24-hour ground floor street access, internal kitchen and toilet facilities, and a secure setting within the Centro Apartments building. Positioned near Flagstaff Gardens and within walking distance of Melbourne Central and Flagstaff train stations, the location ensures excellent connectivity and access to key amenities.<br> Currently leased on a short-term basis at $77,000 per annum plus GST, the property includes an optional new three-year term commencing March 24, 2027, at $90,000 per annum, providing future income security. Estimated annual outgoings total approximately $16,577.61, including Owners Corporation fees, council rates, and water charges. This is a rare chance to secure a well-priced investment in a tightly held CBD precinct with strong tenant appeal and long-term upside.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 51,419 SF | Floors | 11 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,674 SF |
| Property Subtype | Apartment | Year Built | 1994 |
| Building Class | C | Lot Size | 0.10 AC |
| Total Building Size | 51,419 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 11 |
| Typical Floor Size | 4,674 SF |
| Year Built | 1994 |
| Lot Size | 0.10 AC |
Amenities
Site Amenities
- 24 Hour Access
- Security System
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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350 La Trobe St - Centro Apartments
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