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47 Nicholson Street, Bairnsdale VIC 3875

Name: 47 Nicholson Street, Bairnsdale VIC 3875
Address: 47 Nicholson Street VIC, Bairnsdale, VIC, 3875
Telephone: +61 432 831 511

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SOLD

47 Nicholson Street, Bairnsdale VIC 3875

Properties / Sold / Victoria / Bairnsdale

Development Potential

1. Property Summary

Property Type

Commercial, Industrial

Sub Type

Other

Land Area

0.67 hectares (*approx)

Selling Method

EOI: Closing Thursday 10 August 2023 at 4PM (AEST)

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2. Property Highlights

Unique Opportunity to Bolster a Thriving Retail Activity Centre

Significant ‘Value-add’ potential
Commercial 1 Zoning
4,211*sqm floor plan on 6,668*sqm of land

National Retail Group together with Savills are excited to offer for sale this highly prized retail asset in the heart of Bairnsdale's activity centre, offered for the first time in 35 years.

Investments highlights:

- Former supermarket space with significant 'Value-add' potential
- Commercial 1 Zoning allowing for a wide range of uses/options
- Dynamic 4,211 sqm * floorplan with parking for 87 vehicles on-title *
- Located in the retail heart of Bairnsdale
- Enormous scope to redevelop, repurpose or reposition
- Surrounded by major retailers Coles, Woolworths, ALDI, Bunnings, and more
- Potential net income of $630,000 pa *
- Concept plans available for redesign and splitting tenancy into smaller stores
- An integral part of Bairnsdale's Activity Centre primed for reinvigoration
*approx.

For Sale via Expressions of Interest closing Thursday 10 August 2023 at 4PM (AEST).

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