Stonebridge Property Group transacted 1007-1009 Plenty Road, Kingsbury, also known as Magic Hand Car Wash, a strategic corner landholding in the heart of Kingsbury.
Key highlights of the opportunity include:
- 1,730 sqm* corner Mixed-use and General Residential Zoned landholding comprising the Magic Hand Car Wash adjoining McDonald’s
- Dual street frontage of 27.4 m* to Plenty Road and 54.6 m* to Clunes Street
- 100% leased to Magic Hand Car Wash for $233,000* per annum with flexibility in the lease term having operated from the site since 2015
- Available scheme for student accommodation and residential hotel development, comprising basement, retail ground floor and five levels of apartment units
- Strategically situated amidst community facilities and amenities with proximity to McDonald’s (adjoining), LaTrobe University (Bundoora Campus), Bundoora Park Public Golf Course, Summerhill Shopping Centre, and tram networks to Melbourne CBD
For more information on the sale, please contact the below selling agents:
Max Warren
0488 296 892
Rorey James
0439 400 081
Property Code: 906