A 4 story office building located at 2-4 Douglas Street, Southbank is being brought to market by Stonebridge agents Dylan Kilner, Max Warren & Shawn Luo. The building is fully leased to 4 AAA+ tenants including Woolworths owned ‘Shopper’, Channel 31, Bang Bang Studios & Peter Harvey & Co architects and boasts an annual net income of $426,801.

The art deco building that occupies a corner site, which was the office component of part of a 1930’s Canning Factory, now converted to contemporary modern offices. The building inherits qualities of the original building with high timber lined ceilings, curved stair case, wrought iron balustrade and steel framed windows. 

The property is located in a highly sought-after location, just 100 metres from Greystar’s (American and global BTR giants) $500m project which will bring significant benefit to the precinct. The project is already under construction and includes three towers encompass 700 apartments, 4,300 sqm of amenity and 850 sqm of retail space and estimated to be completed by next year.

"This is a rare opportunity to acquire an income-generating commercial property in Australia’s most advance build to rent precinct" Said Dylan Kilner The property has 10 secure at grade car parks on title, a rare commodity within this precinct of South Melbourne / Southbank.

Office buildings in Southbank/ South Melbourne have continued to be in demand with recent sales including 187 Ferrars Street, Southbank which Stonebirdge sold at auction last month to South Melbourne based family office, Mandate Property Group for $2,560,000. 

2-4 Douglas Street, Southbank is being sold by public onsite auction, Friday 1^st September 2023 at 10.30am (AEDT).

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