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262-272 Racecourse Road, VIC 3031

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262-272 Racecourse Road, VIC 3031
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262-272 Racecourse Road, VIC 3031

Properties / Buy / Victoria / Flemington
Development Potential

1. Property Summary

Property Type
Commercial
Sub Type
Office, Retail/Shopping Centre, Land Site
Land Area
1,234 m² (*approx)
Selling Method
EOI: Contact Agent
EOI Closing Date
15 May 2024 02:00PM
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2. Property Highlights

MULTI TENANCY FREEHOLD ON 1234SQM OF LAND

Teska Carson is pleased to present 262-272 Racecourse Road, Flemington for Private Sale.

This triple fronted freehold site comprises eight tenancies being five shops plus three offices providing an outstanding opportunity to invest, value add, occupy or develop.

The key attributes of this unique opportunity include:

- Land Area 1,234m2*

- Multi-tenanted building with a combined NLA of 931m2*

- Current Rent of $268,302 per annum (estimated fully leased income $290,000 per annum)

- Diverse tenancy mix with multiple established tenants including Dominos and Subway

- Highly exposed on the corner of Racecourse Road and Wellington Street in the absolute heart of the Flemington retail precinct only 3km from the CBD

262-272 Racecourse Road presents an outstanding opportunity to acquire a highly sought after freehold providing the opportunity to re-position the asset, continue with the current income stream or re-develop (STCA).

Please call for further information or to arrange an inspection.

*approx.

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial
Sub-type
Office, Retail/Shopping Centre, Land Site
Land Area
1,234 m² (*approx)
Selling method
EOI: Contact Agent
EOI Closing Date
15 May 2024 02:00PM
Add to calendar

2. Property Highlights

MULTI TENANCY FREEHOLD ON 1234SQM OF LAND

Teska Carson is pleased to present 262-272 Racecourse Road, Flemington for Private Sale.

This triple fronted freehold site comprises eight tenancies being five shops plus three offices providing an outstanding opportunity to invest, value add, occupy or develop.

The key attributes of this unique opportunity include:

- Land Area 1,234m2*

- Multi-tenanted building with a combined NLA of 931m2*

- Current Rent of $268,302 per annum (estimated fully leased income $290,000 per annum)

- Diverse tenancy mix with multiple established tenants including Dominos and Subway

- Highly exposed on the corner of Racecourse Road and Wellington Street in the absolute heart of the Flemington retail precinct only 3km from the CBD

262-272 Racecourse Road presents an outstanding opportunity to acquire a highly sought after freehold providing the opportunity to re-position the asset, continue with the current income stream or re-develop (STCA).

Please call for further information or to arrange an inspection.

*approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential
Stephen Speck
Stephen Speck
+61 *** *** *** show +61 404 893 142
Message Message
+61 404 893 142 sspeck@teskacarson.com.au Message
Michael Taylor
Michael Taylor
+61 *** *** *** show +61 419 533 102
Message Message
+61 419 533 102 mtaylor@teskacarson.com.au Message

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3. Property Location

262-272 Racecourse Road, VIC 3031

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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262-272 Racecourse Road, VIC 3031 Flemington
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Teska Carson Pty Ltd - Richmond
Teska Carson Pty Ltd - Richmond
6 Yorkshire Street, Cremorne
Stephen Speck
Stephen Speck
+61 *** *** *** show +61 404 893 142
Michael Taylor
Michael Taylor
+61 *** *** *** show +61 419 533 102
Enquire