SOLD
Sold on 10 Sep 2024 for $170,000

1403/1-3 Queens Road
Melbourne VIC 3004

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Property Details for 1403/1-3 Queens Rd, Melbourne

Building Type
Commercial
Year Built
2003
Local Government
Port Phillip
Lot/Plan
1403/PS500424

Last Listing description (October 2024)

Seize this exceptional investment opportunity with a premium office suite located on the 14th floor of the prestigious 1 Queens Road building. Spanning 40m2, Suite 1403 is leased until May 2027, providing a stable annual income of $17,087 plus GST and outgoings. This investment is perfect for astute investors seeking reliable returns and long-term growth potential. A further option also from May 2027

Key Features:

* Leased Until May 2027: Secure annual income of $17,087 plus GST and outgoings.

* Spacious 40m2 Suite: Versatile layout with breathtaking views over Albert Park Lake and the ocean.
* Convenient Location: Close to public transport, cafes, and restaurants, ensuring high tenant demand.

Building Amenities:
* Fully Equipped Gym and Showers: Free access for all tenants, enhancing tenant satisfaction.
* Concierge Service: Available Monday to Saturday, providing professional support and assistance.
* Modern Kitchens on Each Floor: Equipped with fridge, microwave, boiling/filtered water tap, soap dispenser, and storage.
* Beautifully Maintained Common Areas: Regular cleaning and maintenance ensure a professional and welcoming environment.
* State-of-the-Art Bathrooms: Including Dyson speed dryers and modern fixtures.
* Gourmet Food Court: A variety of culinary options with over 7 retailers, maintained by attentive building staff.

Invest in a prime location with world-class amenities and breathtaking views. Suite 1403 at 1 Queens Rd, Melbourne, offers reliable returns and long-term growth potential. Contact us today to learn more about this unparalleled investment opportunity.

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Property History for 1403/1-3 Queens Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$170,000
10 Sep 2024
  • 10 Sep 2024
    Sold for $170,000
  • 03 Jul 2024
    Listed for Sale Slashed from $199,950 to $179,000
  • 09 Feb 2005
    Sold for $291,984

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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,428 properties. Over the last 5 years, Houses in Melbourne have seen a 15.95% increase in median value, while Units have seen a -5.15% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,437,130 while the median value for Units is $659,144.
  • Houses have a median rent of $620 while Units have a median rent of $625.
There are currently 86 properties listed for sale, and 51 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 636 properties were sold in the past 12 months in Melbourne.

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