Triple Fronted North Melbourne Corner with Unrivalled Fundamentals & Future Upside
Stonebridge Property Group, in conjunction with Belle Commercial Property, are pleased to present for sale 122-124 Errol Street, North Melbourne.
The key highlights of the opportunity include:
- An outstanding corner freehold positioned at the gateway to the City of Melbourne that provides unmatched tenant exposure
- Architecturally designed commercial building expanding 235 sqm* with meticulous fit-out. The building requires no capital investment
- Boasting 47 m* of triple street frontage the property provides excellent natural light, scope for further retail activation and efficiencies with future development outcomes
- 280 sqm* underlying land, coupled with favourable mixed-use zoning, dual access and a rear laneway allows for future development possibilities of up to 4 levels (STCA)
- Secure car parking for 5 vehicles, a rare commodity on a retail strip in the inner-city
- 100% leased to two highly respected tenants, Financially Sorted and Belle Property, both tenants lease the property on renewed 3-year terms via net leases
- Both leases come with favourable development clauses following the conclusion of the initial term
- Strategically located 1 km* from the Melbourne CBD grid, supported by easy access to public transport and retail amenity
- Positioned in the tightly held Errol Street retail precinct, which services the diverse demographic of North Melbourne through a multitude of national retailers and highly popular hospitality venues
122-124 Errol Street, North Melbourne is offered for sale via Public On-site Auction Wednesday 25th October at 11am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Max Warren
0488 296 892
Sarah Xi
0468 320 297
Rorey James
0439 400 081
In conjunction with Belle Commercial Property
*Approximately
Property Code: 775