HIGH HOPES: DOUBLE FACTORY OPPORTUNITY.
FOR SALE/LEASE VIA EXPRESSIONS OF INTEREST CLOSING 15th OCTOBER 2024 AT 3PM.
POINT OF INTEREST:
Set amongst an enviable Brunswick backdrop, these two freestanding factories on two separate titles represent the industrial pull amongst the famed cafes, restaurants, and retail stores, with none of the Sydney Road bumper-to-bumper traffic. Both are solid brick construction sitting on commercial 1 zoning, making this block an excellent opportunity for now and well into the future, particularly considering the previous plans and permits for a 5-level mixed-use development. The generous landholding, and extensive nearby construction precedent make this a perfect site for future re-development or landbanking, due to the abundance of amenity and rapid growth of Brunswick and Merri-Bek as a whole.
Gameology Pty Ltd taps into the lucrative and passionate market of game enthusiasts; there’s everything here from Catan, Pokemon, and World of Warcraft. They’re on a 3-year lease that commenced on the 1st of July 2024 and are paying $92,881.80 per annum + GST. Their bond is equivalent to 2 months of rent + GST, with a 3% annual increase as part of the agreement.
Head over the rail line and you’ll get to Sydney Road, the heartbeat of Brunswick, where Bunnings, Barkly Square, and La Manna serve the community with every convenience. This is also where the 19-tram heads straight into the CBD, but walking 400 m* north to Anstey railway station will be an even quicker commute. Inner fringe living and working have arterial benefits, too. You’re a kilometre from the Citylink, 2 km* from Nicholson Street, and 2.6 km* from Bell Street.
- 973 sqm* total land area.
- 836 sqm* total combined building area.
- 394 sqm* building area at number 34 (Sale/Lease).
- 442 sqm* building area at number 36 (Sale only).
- Commercial 1 Zoning (C1Z).
- 1.7 km* to the Citylink.
- 400 m* to Anstey railway station.
- 36 is leased to Gameology Pty Ltd for 3 years.
- $92,881.80 per annum + GST in leasing income.
POINT OF VIEW:
Like lining up for a Saturday morning loaf of artisan bread around here; the best things are in high demand. And two factories 5 km* from the CBD are about as hot as they come.
*Approx.
Pricing excludes GST