Fitzroys and Teska Carson as agents in conjunction are delighted to offer for sale a rare and unique redevelopment opportunity just 40 metres* from the popular Lygon Street retail precinct located in the rapidly developing and highly desirable inner-city suburb of Brunswick. This substantial site offers Investors and Developers an excellent opportunity to acquire a generational property with the flexibility to continue with the current tenancy profile or redevelop into a multiple level development (STCA). The key attributes of this opportunity include: - Substantial Site Area: 752sqm* with an extensive frontage to Evans Street of 27.43 metres* and rear road access - Lease: 5 + 5 year lease to Holborne Institute Pty Ltd - Education Provider (lease contains demo clause) - Current Rent: $108,780pa plus outgoings and GST - Zoned: Mixed Use - Close to a plethora of multiple level mixed used developments along Lygon Street - Benefiting from excellent transport options and attractive nearby amenities Rapidly growing residential population with many apartment projects underway and in planning stage 101 Evans Street Brunswick – Adjoining property also available for purchase Site Area: 250sqm* with rear road access The acquisition of both properties will provide the purchaser with a new total site area of 1,002sqm* allowing for a much larger scale development (STCA) and a substantial frontage to Evans Street of 36.57metres* The above properties are available for sale by Expression of Interest Closing Wednesday 25th September at 3pm. *Approx.
Teska Carson Pty Ltd - Richmond
6 Yorkshire Street, Richmond, Vic
Fitzroys - Melbourne
Level 27, 360 Collins Street, Melbourne, Vic
Property ID: 504674740