FOR SALE
225,000 ono

311/480 Collins Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 34m2
Land area: 33.8m2
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FOR SALE COLLINS STREET Investment Office with new lease.

This Office/Meeting Suite in the 480 Collins Street Building could be a great Commercial addition to your Investment portfolio.
- Suite 311 of 34m2 approx. and has 2 entrances, allowing subdivision 2 sep offices.
- There is currently a lease to 26 April 2024 with 3 further terms of 1 year each.
- The building is located in a prime Collins Street Position, on the North side between King & William Streets.
- There is onsite commercial parking.
- The Building has privately owned as Office Suites and serviced apartments, with reception on the Ground Floor.
- There are shops and a food court on-site for the convivence of the occupants.
- A Gym, pool and health facility is also located on L3.
- The Office is LEASED @ $20,600.00 Gross Per annum plus GST.
- Office administration services available at an extra cost.
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Property Details for 311/480 Collins St, Melbourne

Building Type
Commercial
Floor Size
34m2
Land Size
33.8m2

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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,855 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 400 properties listed for sale, and 322 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2111 properties were sold in the past 12 months in Melbourne.

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