SOLD
Sold on 11 Sep 2024 for $80,000

141/1-3 Queens Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 36m2
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Property Details for 141/1-3 Queens Rd, Melbourne

Building Type
Commercial
Year Built
2003
Land Size
36m2
Local Government
Port Phillip
Lot/Plan
141/PS500424

Last Listing description (November 2024)

This space is currently leased to Asian Pacific Serviced Offices for $10,890 + GST + Outgoings, offering an incredible 14.5% return-an excellent opportunity for the savvy investor. Currently being used as the boardroom this property is an easy option.

Property Overview:

* Location: 141/1 Queens Rd, nestled within the prestigious St Kilda Towers.

* Lease: Secure income with a current lease in place.
* Size: Approximately 36m of versatile, open-plan office space, ideal for a variety of business needs.
* Return: A remarkable 14.5% return, making this a wise investment choice.

Property Features:

* Concierge Service: Ground floor concierge available Monday to Saturday for your convenience.
* Flexible Layout: The open-plan design allows for easy customization to suit your business operations.
* Fitness Facilities: Enjoy access to a fully equipped gymnasium with shower facilities conveniently located on the same floor.
* Professional Services: Business Centre with boardroom hire available for your meetings and professional needs.

On-site Amenities:

* Dining Options: Satisfy your cravings with an on-site gourmet food court and the popular Squires Loft Restaurant and Bar.
* Fully Serviced Kitchens: Each floor is equipped with modern kitchens featuring a fridge, microwave, boiling/filtered water tap, soap dispenser, and storage.
* Modern Bathrooms: Sparkling, contemporary bathrooms add a touch of luxury.
* Secure Parking: Take advantage of secure, undercover car parking available in the basement and at the front of the building.

Location & Accessibility:

Prime Location: Easy access to the CBD and major arterials ensures a stress-free commute for you and your clients.

Don't Miss Out: This is a rare opportunity to secure a prime office space in the heart of St Kilda Towers with a solid return on investment. Contact us today to arrange a viewing and ensure you don't miss out on this exceptional investment opportunity!

Property History for 141/1-3 Queens Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$80,000
11 Sep 2024
  • 11 Sep 2024
    Sold for $80,000
  • 27 Aug 2024
    Listed for Sale POA
  • 15 Sep 2015
    Sold for $160,000
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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 13,422 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 49 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 632 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3004

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.