Situated close to the iconic intersection of Smith and Gertrude Street at the gateway of Melbourne’s most sought after lifestyle and hospitality precinct.
Substantial land area of 434sqm* with impressive frontage and rear access of 10.95m*
Highly flexible commercial building only 1 km to the CBD.
Leased to established Tenants including Mr Wows Emporium and Pixel Alley.
Combined Rental: $184,000 per annum net plus GST with scope for further rental growth.
Zoned: Commercial 1 providing an excellent opportunity to value add/develop site upon expiration of leases – Circa Jan 2023.
Exceptional transport amenities available with the 86 Tram stop opposite.
Unrivalled location surrounded by Melbourne’s best food and hospitality venues supported by a rapidly developing apartment and commercial office population
Close proximity to high performing Coles Supermarket and other national tenants including, Huxtaburger, Kathmandu, Bonds,Chemist Warehouse, major banks and more
Remember to mention you found this property on DevelopmentReady
Property Summary:
Development Potential
Property Type
Commercial
Sub-type
Office
Land Area
434 m² (*approx)
Selling method
SOLD: SOLD
Property Highlights
FABULOUS FREEHOLD WITH ENORMOUS UPSIDE
SOLD
Thriving Inner City Location
Rent: $184,000 PA net plus GST
Future Value Add/Development Opportunity
Situated close to the iconic intersection of Smith and Gertrude Street at the gateway of Melbourne’s most sought after lifestyle and hospitality precinct.
Substantial land area of 434sqm* with impressive frontage and rear access of 10.95m*
Highly flexible commercial building only 1 km to the CBD.
Leased to established Tenants including Mr Wows Emporium and Pixel Alley.
Combined Rental: $184,000 per annum net plus GST with scope for further rental growth.
Zoned: Commercial 1 providing an excellent opportunity to value add/develop site upon expiration of leases – Circa Jan 2023.
Exceptional transport amenities available with the 86 Tram stop opposite.
Unrivalled location surrounded by Melbourne’s best food and hospitality venues supported by a rapidly developing apartment and commercial office population
Close proximity to high performing Coles Supermarket and other national tenants including, Huxtaburger, Kathmandu, Bonds,Chemist Warehouse, major banks and more
Remember to mention you found this property on DevelopmentReady
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