BLUE CHIP CITY FRINGE INVESTMENT OPPORTUNITY Nelson Alexander Commercial are delighted to offer for Private Sale this fantastic property positioned on the fringe of the Melbourne CBD. Surrounded by public transport, The Queen Victoria Market, Melbourne University, RMIT University, Flagstaff Gardens and Melbournes Hospital District including Royal Childrens Hospital and Royal Melbourne Hospital. This property comprises of a large ground floor office with ROW access with 2 car parks and an upstairs 3 bedroom residence with separate access. Under the Capital City Zoning (Schedule CCZ5) with allowable development height of at least 24 metres this is a fantastic opportunity for the astute investor or hold and land bank for future development (STPA). Key Property Features: Zoned Capital City Zone (CCZ5) Land Area 135m (approx.) Building Area 180m (approx.) Ground Floor Office plus 3 Bedrooms Residence Ground Floor Net Rent $35,514 pa plus GST plus outgoings Lease Expiry 1st April 2021 (+5+5+5) First Floor 3 Bedroom Residence Rent $56,160 pa Prime Location to Iconic Queen Victoria Market and Universities ROW Rear Access Tram Stop 20 Metres away Excellent Future Development Potential (STPA) Fantastic Immediate Investment Return For all property enquiries or to arrange an inspection, please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.