05/06/2026
LONG LEASE STATE GOVERNMENT INVESTMENT 🏛️
For Sale – G02, 512-544 Spencer St, West Melbourne 📍
A premium city fringe commercial investment underpinned by a secure State Government lease covenant to the Department of Parliamentary Services, Parliament Victoria, acting for and on behalf of the State of Victoria.
📌 Key Investment Highlights:
• New 8-Year Lease commenced August 2025
• Plus further 5-Year Option• Returning $110,000 p.a. incl. Outgoings + GST
• Fixed 3.5% Compounding Annual Increases
• Secure State Government Covenant
• Modern 193sqm* Corner Premises
• 29.61m* Frontage to Spencer & Stanley Streets
• Brand New Government Fit-Out
• 2 Secure On-Title Car Spaces
• Depreciation Benefits & Low Land Tax Exposure
• Prime City Fringe Growth Location
🗓 For sale by expressions of interest, closing Wednesday 24 June 2026 at 4:00pm
For further information, please contact:
📲 Zach Molinaro on 0488 300 575
📧 [email protected]
📲 Frank Vinci on 0418 375 375
📧 [email protected]
Learn more https://vincicarbone.com.au/listing/11793