Land

109 Manningham Street, Parkville

109 Manningham Street Parkville, VIC Australia 3052
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

JLL are pleased to present the opportunity to purchase Evo Apartments – a completed and operational building of 175 apartments conveniently located in close proximity to Melbourne’s renowned education, healthcare, and research precincts.

 

Key details of the opportunity include:


- Modern seven-storey apartment complex of 12,106sqm* NSA with two levels of basement car parking providing 181 car spaces.

- Opportunity to acquire 175 units in one line with immediate income stream from current rental arrangements in place with a proven track record of consistently high occupancy levels.

- Positioned in Melbourne’s largest healthcare and education precinct home to a combined 160,000+ employees and students supporting depth of occupier demand.

- Potential to reshape the current management arrangement to cater for the growing key worker market and be at the forefront of the emerging Built to Rent sector.

- Valuable underlying landholding with a site area of 4,951 square metres with expansive 48-metre frontage to Manningham Street.

 

109 Manningham Street, Parkville is being offered for sale by Public Tender campaign closing Wednesday 15 June 2022 at 2pm (AEST).

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 

Josh Rutman | +61 411 27 37 46

David Hill | +61 431 248 477

Noral Wild | +61 409 439 991

MingXuan Li | +61 498 688 998

Investment highlights

·        Modern 7-Level Apartment Complex

·        175 Apartments In-One-Line

·        Situated in Key Worker Precinct

Last Updated Date: 13 May 2022

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Last Updated Date: 13 May 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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