10 Northumberland Street

10 Northumberland Street presents a rare opportunity to acquire one of just 16 fully self contained approved office suites, in the vibrant South Melbourne office market.

Address: 10 Northumberland Street
Total lots in development: 16
Prices starting at: $320,000
Estimated Completion Date: December 2010
GeoCode: -37.8312194, 144.9560478
Facilities:

For investors and occupiers alike there is upside apparent in both the continued renewal of the South Melbourne area and the Melbourne commercial market as a whole.

An extensive series of urban renewal initiatives is sure to see South Melbourne emerge as one of Melbourne’s strongest growth areas across all property types, while Melbourne commercial rentals are showing significant scope for growth.
- 7% NET Rental guarantees available on select suites.
- Up to $20,000 in Stamp Duty savings.
- Only 10 suites available at pre-constructon prices.
- 10% down, nothing more to pay until December 2010.
With upper floors enjoying stunning city views and modern amenities throughout, the development provides a contemporary New York feel designed to perfectly complement South Melbourne’s creative industries.

Melbourne has the tightest commercial vacancy level of any major Australian CBD and yet the lowest rental level. With commercial construction severely hindered; a large portion of industry commentators are now forecasting rents to grow by over 33% in the next 5 years.