Main Road Investment with Outstanding Residential Development Potential * Auction - Wednesday 15th October 2014 at 12pm on site *
Take advantage of the opportunity to secure a main road investment with outstanding residential development potential located at 635-637 Sydney Road, Brunswick.
The property is currently leased to Zehua Pty Ltd t/a Hot Price Variety Store on a renewed term of five (5) years expiring 14th March 2019 and returns $121,540.00 per annum including GST plus outgoings.
Features include a land area of 916m2 (approx), rear access via laneway and a Commercial 1 Zone (B1Z) which is best suited for multi-level residential developments (STPA).
Brunswick has undergone significant redevelopment in recent years, with developers capitalising on the high demand for inner city living. Current residential developments include Brunswick Heart (www.brunswickheart.com.au) and Ettaro Apartments (www.ettaro.com.au).
The convenient location in the heart of the Sydney Road retail/café precinct boasts easy access to all forms of public transport including tram and bus services from the doorstep and Anstey Railway Station just a short stroll away, and is within 3.5 kilometres (approx) of Citylink and 5 kilometres (approx) of Melbourne Central Business District.
This is an opportunity that is not to be missed, enquire today.