Fitzroys and Teska Carson as agents in conjunction are delighted to offer for sale a rare and unique redevelopment opportunity just 40 metres* from the popular Lygon Street retail precinct located in the rapidly developing and highly desirable inner-city suburb of Brunswick.
This substantial site offers Investors and Developers an excellent opportunity to acquire a generational property with the flexibility to continue with the current tenancy profile or redevelop into a multiple level development (STCA).
The key attributes of this opportunity include:
Substantial Site Area: 752sqm with an extensive frontage to Evans Street of 27.43 metres and rear road accessLease: 5 + 5 year lease to Holborne Institute Pty Ltd - Education Provider (lease contains demo clause)Current Rent: $108,780pa plus outgoings and GSTZoned: Mixed UseClose to a plethora of multiple level mixed used developments along Lygon Street Benefiting from excellent transport options and attractive nearby amenities Rapidly growing residential population with many apartment projects underway and in planning stage
101 Evans Street Brunswick – Adjoining property also available for purchase Site Area: 250sqm with rear road access The acquisition of both properties will provide the purchaser with a new total site area of 1,002sqm allowing for a much larger scale development (STCA) and a substantial frontage to Evans Street of 36.57metres*
The above properties are available for sale by Expression of Interest Closing Wednesday 25th September at 3pm.
*Approx.