31-43 Puckle Street, Moonee Ponds, VIC 3039

Investment | Development/Land

Sold Contact Agent

  • Property ID: 315178
  • Floor Area: 1388m²
  • Land Area: 1887m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 13/12/2018 1388m2 1887m2 Contact Agent
Sold N/A 1388m2 1887m2 Contact Agent
"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT

SOLD PRIOR TO AUCTION "PHILLIPS ARCADE"

•Currently returning $320,000 pa* with early termination and re-development clauses

•Enormous potential for cash flow uplift with estimated fully let income of $500,000 pa*

•Substantial 1,887sqm* land holding with rear access and 23* on-site car parks.

•One of the last remaining super sites on Puckle Street with dual access

•An established and iconic retail arcade with a massive 30 metre* frontage

•Building consists of 15 tenancies comprising 14 retail shops and large first floor office space.

•Strong performing 7 day trading retail and commercial precinct

•Highly sought after location just 6km* from the Melbourne CBD

•Property offers a unique and exciting opportunity to acquire a freehold building with significant development potential.

•Located in a vibrant Activity Centre Zone (ACZ) allowing for multiple re-development strategies (STCA).

•Property sold with the added benefit of an approved planning permit for a 10 storey mixed use building comprising 84 apartments, 9 retail shops and office

For further information, contact the selling agents Dominic Gibson 0409 366 941 or James Latos 0437 537 957.

Moonee Ponds Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4310 --- ---
Offices --- $297 ---
Retail $9218 $370 4.01%
This is the average advertised price, rent and yield for Moonee Ponds, VIC 3039*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 31-43 Puckle Street, Moonee Ponds, VIC 3039. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
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  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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