HIGH CLASS INVESTMENT WITH EXCELLENT FUTURE REDEVELOPMENT POTENTIAL

- Located In the centre of one of Melbourne's most desirable retail strips, this imposing property with a first-class fit-out has a myriad of possibilities, including the opportunity to occupy at the end of the lease, leave as a passive investment or develop further (STCA).
- Current lease term until 14 April 2023
- Rental of $59,089 per annum net
- The tenant pays all outgoings
- Zoned Commercial 1
- Land size: 218sqm approx
- Street frontage of 5.7 metres
- Building area: 200sqm approx
- Easy right-of-way vehicle access
- Rare boundary to boundary building
- Potential ground plus 5-level mixed-use commercial and residential redevelopment subject to council approval
- Owner-occupiers can occupy the property at the end of the tenancy in April 2023
- For investors, the current tenants would be happy to negotiate a new rental and lease terms when the current lease expires

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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Explore the area

School catchments

Fitzroy Community School - Thornbury Campus Primary Independent 0.68km
Santa Maria College Secondary 7-12 Catholic 0.77km
St Mary's School Primary Prep-6 Catholic 0.80km
Wales Street Primary School Primary Prep-6 Government 0.86km
Northcote Primary School Primary Prep-6 Government 0.91km
Thornbury Primary School Primary Prep-6 Government 0.97km
St Joseph's School Primary Prep-6 Catholic 1.2km
Northcote High School Secondary 7-12 Government 1.4km
Westgarth Primary School Primary Prep-6 Government 1.5km
Holy Spirit School Primary Prep-6 Catholic 1.5km
Penders Grove Primary School Primary Prep-6 Government 1.7km
Brunswick East Primary School Primary Prep-6 Government 1.8km
Merri Creek Primary School Primary Prep-6 Government 1.8km
Preston South Primary School Primary Prep-6 Government 1.9km
Bell Primary School Primary Prep-6 Government 1.9km
St John's College Preston Combined Prep-12 Independent 2.0km
Sacred Heart School Primary Prep-6 Catholic 2.2km
Parade College - Preston Campus Secondary Catholic 2.3km
Virtual School Victoria Combined Prep-12 Government 2.3km
Thornbury High School Secondary 7-12 Government 2.4km
Fitzroy High School Secondary 7-12 Government 2.6km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.6km
Preston High School Secondary 7-12 Government 2.6km
Antonine College - Cedar Campus Combined Catholic 2.7km
Bindjiroo Yaluk Community School-The Island Campus Secondary Government 3.3km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 3.3km
Sydney Road Community School-Coburg Teaching Unit Secondary Government 3.4km
Sydney Road Community School Secondary 7-12 Government 3.4km
Fitzroy High School - Wurun Senior Campus Secondary Government 3.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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