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Rare City Fringe Development

177a Mt Alexander Road, FLEMINGTON VIC, 3031

For Sale

Property for Sale in 177a Mt Alexander Road, FLEMINGTON VIC, 3031

Brad Teal Real Estate Pty Ltd

1122 Mount Alexander Road, Essendon, VIC 3040

Listing ID:
11323953
Status:
Active
For:
Sale
Price:
Private Sale
Last Updated:
07/12/2018
Icon building

Property Type

Land/Development
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Land Area

359 SQM
Icon size

Floor Area

524 SQM
Icon parking

Parking

0

Rare City Fringe Development

Prime development sites such as this city fringe, corner allotment measuring approximately 359m2 in a Commercial 1 zone are rarely offered. Presented with approved plans and permits for seven apartments and two retail spaces, developers will be suitably impressed. The three-level proposal incorporates commercial office space measuring a total area of approx. 524m2 plus amenities and terrace, complemented by 127m2 of ground level retail space promising substantial exposure. A privleged spot delivers city vistas and ensures Newmarket Plaza, Newmarket station and Racecourse Road cafes are within walking distance with Mt Alexander Road tram at your door. Positioned in a high exposed corner, the site lends itself to alternative development (STCA) whilst also delivering an excellent interim income, currently leased to an automotive business and returning $52,000 per annum.

In Conjunction with Alexkarbon Real Estate - Charles Bongiovanni 0414 339 644

For more details, please email agent

Brad Teal Real Estate Pty Ltd

1122 Mount Alexander Road, Essendon, VIC 3040


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