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SOLD

143-145 Union Road, Ascot Vale, VIC, 3032

Properties / Sold / Victoria / Ascot Vale

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Retail/Shopping Centre

Land Area

449 m² (*approx)

Zoning

Commercial 1 Zone

Selling Method

Auction: Tuesday 16th April at 12:30pm

Auction Date

16 Apr 2024 12:30PM

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2. Property Highlights

ICONIC 'TELESONICS' BUILDING: UNLOCKING DEVELOPMENT POTENTIAL

Set within the heart of bustling Union Road shopping village, a retail strip referred to as Melbourne's hidden gem, this well known commercial premises presents a unique opportunity. With prime positioning amid a dynamic mix of shops, cafés, and boutiques, the property offers a canvas ripe for transformation. The close proximity to public transport connections, including trams and nearby Ascot Vale Station, underpins its exceptional accessibility.

Key attributes of this offering include:

- An icon on Union Road

- A double-fronted retail expanse, promising prominent street presence

- Available for the first time in 60 years, marking its enduring appeal

- Occupying approximately 449m2, it offers a substantial space to realise a bespoke commercial environment STCA

- Situated in a high foot-traffic corridor ensuring maximum exposure

- Includes convenient rear laneway access

- A rear garden that presents potential for conversion to off-street parking

- A warehouse-style interior serves as a versatile space for a variety of business aspirations

This is a rare opportunity to shape a distinctive commercial space in a sought-after locale.

EXECUTORS AUCTION - TUESDAY, 16 APRIL 12.30PM