Flexible Retail Freehold with Permit – Invest, Repurpose or Develop
For Private Sale
Savills is delighted to offer for sale this retail freehold located at 93-95 Grimshaw Street, Greensborough.
The property benefits from a permit for a 7-level mixed use project and offers the flexibility to invest, repurpose or develop.
Key attributes of the property include:
• Prime 604sqm* landholding with over 15 metres* frontage to Grimshaw Street
• Significant 1,107sqm* retail arcade comprising 6 suites, bathrooms & services lift
• Secure undercroft parking for 20 vehicles with roller door access
• Permit approved for a 7 level project featuring 21 apartments & ground floor retail
• Large open plan apartments with an average NSA of 117sqm* and generous private open spaces
• Partially leased with a combined income of $69,390.91 + GST & outgoings on short term leases
• Excellent public amenity – direct rear access to 330+ public car spaces, Greensborough Train Station, and major bus interchange
• Prominently positioned opposite Greensborough Plaza, attracting over 6.7 million visitors annually
• Surrounded by vibrant Main Street retail, cafés, restaurants, and everyday services
*Approximate
For Sale by Expressions of Interest closing Wednesday 17 September at 2pm.
For further information please contact:
Beau Bakhtani - 0412 159 038
Julian Heatherich - 0412 995 655
James Latos - 0422 604 900
Remember to mention you found this property on DevelopmentReady
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