• Versatile 519sqm standalone building with 18 car parks
• Part leased, returning $108,469pa + GST (net)
• Underdeveloped freehold 579sqm corner site zoned Business – Mixed Use
• Top floor ideal for owner-occupier or residential conversion
• Exceptional opportunity that will appeal to investors, occupiers and developers
A rare chance to acquire a corner standalone with excellent onsite car parking and exposure moments from Parnell Road.
The ground floor is leased to a well-established tenant and returns $108,469pa + GST (net), while the top floor provides attractive options for owner-occupiers and/or a residential conversion project. Market rental valuation $232,537pa + GST (net) on a fully leased basis.
The property occupies a corner position with city skyline views and is strategically located near to the vibrant hospitality found on Parnell Road and the Parnell Train Station.
Considerable future add value and development potential can be unlocked due to its favourable Mixed-Use zoning with a 27-metre height overlay and corner position.
A high calibre city fringe opportunity in a tightly held precinct not to be missed.
