50-52 Mills Street, Albert Park

Subscribe to regular market updates. Situated between the bay and Albert Park Lake with tram accessibility on the doorstep, a light-filled corner position and a dual frontage to Carter Street, this appealing period-style property offers limitless potential and opportunity. Ideal as consulting rooms, a thriving investment, office space or future commercial Zone 1 /residential multi-level project (STCA), this property offers an extraordinary array of options in a high-growth, sought-after parkside pocket. Currently tenanted at $58,384 + GST and all outgoings (minus land tax), on a rolling three-year lease term (expiring Sept 2024), it is perfect for investors or a small business to gain momentum in a prime location, with multiple consultation rooms, a waiting area, two powder rooms, a central bathroom and a kitchen to the rear. Zoned for Middle Park Primary School and Albert Park College, it also presents an enticing chance for owner occupiers to embrace the vibrancy of the surrounding area, with scope for flexibility or possible transformation (STCA). With the convenience of the number 12 tram route out front and a coveted northwest rear aspect with off-street secure parking, this corner prize offers genuine flexibility and a unique opportunity, steps away from the light rail and MSAC, a short stroll to Albert Park Lake and the beach, and moments from Albert Park Village. Land size: 178sqm approx. Middle Park Primary School Richardson Street Middle Park 83 Danks Street Albert Park Albert Park Primary School Bridport Street Albert Park 62 Pickles Street Albert Park Mac Robertson Girls High School 350-370 Kings Way Melbourne 40 Bay Street Port Melbourne Montague Continuing Education Centre 100 Montague Street South Melbourne Melbourne Grammar School Victorian College Of The Arts Secondary School 57 Miles Street Southbank Melbourne Grammar School Domain Rd Melbourne St Kilda Park Primary School 68 Fitzroy Street St Kilda South Yarra Primary School 601 Punt Road South Yarra Christ Church Grammar School 677 Punt Road South Yarra Port Melbourne Primary School 415 Graham Street Port Melbourne Melbourne Girls Grammar 86 Anderson Street South Yarra New Generation College Level 6 152-168 Elizabeth Street Melbourne St Michael's Grammar School The Meridian International School 196 Flinders Street Melbourne Melbourne High School Forrest Hill South Yarra Presentation College Windsor 187 Dandenong Road Windsor Windsor Primary School Level 3 - 169 Swanston Street Melbourne 399 Lonsdale Street Melbourne Christian Brothers' College 11 Westbury Street St Kilda East 6 Prince Patrick Street Richmond 214 Dandenong Road St Kilda East St Kilda Primary School Brighton Rd St Kilda Richmond Primary School Brighton Street Richmond 168 Exhibition Street Melbourne DOXA School West Melbourne 300 Rosslyn Street Melbourne West