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47 Nicholson Street, Bairnsdale VIC 3875

47 Nicholson Street, Bairnsdale VIC 3875

Bairnsdale

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47 Nicholson Street, Bairnsdale VIC 3875

Bairnsdale

SOLD
47 Nicholson Street, Bairnsdale VIC 3875

47 Nicholson Street, Bairnsdale VIC 3875

Properties / Sold / Victoria / Bairnsdale
Development Potential
Property Type
Commercial, Industrial
Sub Type
Other
Land Area
0.67 hectares (*approx)
LGA
East Gippsland Shire
Selling Method
EOI: Closing Thursday 10 August 2023 at 4PM (AEST)
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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).

Remember to mention you found this property on DevelopmentReady

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Development Potential

47 Nicholson Street Development Site Summary

Property Type
Commercial, Industrial
Sub-type
Other
Land Area
0.67 hectares (*approx)
East Gippsland Shire
Selling method
EOI: Closing Thursday 10 August 2023 at 4PM (AEST)

Development Site 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).

Remember to mention you found this property on DevelopmentReady

Read More

Supporting Information

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Development Potential

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47 Nicholson Street, Bairnsdale VIC 3875

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Property Location of 47 Nicholson Street, Bairnsdale VIC 3875

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Due Diligence

Developments and amenities within a 5km radius of this Commercial opportunity at 47 Nicholson Street, Bairnsdale VIC 3875.

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47 Nicholson Street, Bairnsdale VIC 3875 Bairnsdale
Savills - VIC
Savills - VIC
Level 29, South Tower, 80 Collins Street, Melbourne, VIC, 3000
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