Sold
150 Arthurton Road, Northcote VIC 3070
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1. Property Summary
Land Area
4,600 m² (*approx)
Selling Method
SOLD: $13,450,000
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2. Property Highlights
SOLD $13,450,000
Secure Income Stream Now, A Development Future to Unlock
Colliers International is pleased to offer 150 Arthurton Road, Northcote for sale by Expressions Of Interest closing Friday 15 July at 3pm. This prominent and substantial inner city land holding is being offered as a freehold going concern and provides a secure income stream now with a development future to unlock.
• Prominent and substantial inner city land holding with a substantial income stream
• Land area of 5,190m² with a flexible Commercial 1 zoning
• Frontage to Arthurton Road of 45.47 metres with dual street access
• Currently trading as ‘Storage King’ a long established and fully operational self-storage business with strong cash flows and year on year growth in revenue
• Demolition clause providing access with 12 months’ notice
• Existing building area of 4,600m²* NLA with potential for strong depreciation benefits
• Two architectural concepts for multi-level mixed use developments
• Elevated position with sweeping CBD skyline views from any future redevelopment
• Sensational position within close proximity to Merri Creek, Northcote train station, Nicholson Street and High Street Northcote
• Extremely popular inner Melbourne suburb with a median house price of $1,050,000*
150 Arthurton Road presents as a versatile and exciting offering rarely seen in the Melbourne market.
Ready to be stored in your portfolio or alternatively developed in the near term, Colliers International strongly recommends this property for your consideration.
*Approximately
Remember to mention you found this property on DevelopmentReady
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Development Potential
1. Property Summary
Land Area
4,600 m² (*approx)
Selling method
SOLD: $13,450,000
2. Property Highlights
SOLD $13,450,000
Secure Income Stream Now, A Development Future to Unlock
Colliers International is pleased to offer 150 Arthurton Road, Northcote for sale by Expressions Of Interest closing Friday 15 July at 3pm. This prominent and substantial inner city land holding is being offered as a freehold going concern and provides a secure income stream now with a development future to unlock.
• Prominent and substantial inner city land holding with a substantial income stream
• Land area of 5,190m² with a flexible Commercial 1 zoning
• Frontage to Arthurton Road of 45.47 metres with dual street access
• Currently trading as ‘Storage King’ a long established and fully operational self-storage business with strong cash flows and year on year growth in revenue
• Demolition clause providing access with 12 months’ notice
• Existing building area of 4,600m²* NLA with potential for strong depreciation benefits
• Two architectural concepts for multi-level mixed use developments
• Elevated position with sweeping CBD skyline views from any future redevelopment
• Sensational position within close proximity to Merri Creek, Northcote train station, Nicholson Street and High Street Northcote
• Extremely popular inner Melbourne suburb with a median house price of $1,050,000*
150 Arthurton Road presents as a versatile and exciting offering rarely seen in the Melbourne market.
Ready to be stored in your portfolio or alternatively developed in the near term, Colliers International strongly recommends this property for your consideration.
*Approximately
Remember to mention you found this property on DevelopmentReady
Read More
