265-271 Racecourse Road, Kensington, Vic 3031
Retail
|Land/Development
Contact Agent
Published on: 16 Jul 2024
Last updated on: 16 Aug 2024
Property ID: 504640180
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Key property information
Land Size
842.00 m2
Parking Comments
Street parking
Zoning
Commercial 1
Floor Area
1,000.00 m2
Tenure Type
tenanted
INVEST | OCCUPY | DEVELOP
265-271 Racecourse Road, Kensington, Vic 3031
Lemon Baxter is delighted to offer The Quiet Man Irish Pub, located at 265-271 Racecourse Road, Kensington VIC 3031 for sale. 265-271 Racecourse Road presents a rare opportunity to secure a landmark 842sqm* corner site with a sizeable combined frontage of 60m* to Racecourse Road and Rankins Road. The substantial existing building area of 1,000sqm* offers multiple vehicle access points, including an existing drive-through bottle shop, providing further development flexibility. The property features high-quality tenants, including The Quiet Man Irish Pub and Thirsty Camel, returning net annual rent of $175,085* with leases expiring on 31st of March 2025. This offers prospective purchasers the flexibility to buy as an investment, for owner occupation, or for development purposes. Positioned on the corner of Racecourse Road and Rankins Road, the property is surrounded by retail, cafes, and lifestyle amenities. This prime location on Melbourne’s CBD fringe is meters from Newmarket Train Station, Woolworths Newmarket Plaza, and Foodworks Supermarket. This property represents a significant development opportunity with a previously approved permit for the construction of 41 apartments, predominantly featuring 2 bedrooms, along with ground floor retail space. Contact the exclusive selling agents for further information. Paul O'Sullivan 0412 410 366 [email protected] Hans Fan 0401 882 621 [email protected] Bill Makris 0430 869 579 [email protected] *Approximately
Property Details
Basic Info
Basic Info
Property Type
RetailLand/Development
Listing Status
On Market
Land Size
842.00 m2
Address
265-271 Racecourse Road, Kensington, Vic 3031
Contact Agent
Email enquiry to Lemon Baxter
Level 1, 68 Clarke Street, South Melbourne, Vic 3205
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Property ID: 504640180
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