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Superb Land Rich Restaurant and Function Venue Investment

286A Epping Road corner of Pine Park Drive, WOLLERT VIC, 3750

Sold

Property Sold in 286A Epping Road corner of Pine Park Drive, WOLLERT VIC, 3750

Fitzroys

Level 27 / 360 Collins Street, Melbourne, VIC 3000

Listing ID:
11367295
Status:
Sold
Last Updated:
11/12/2019
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Property Type

Retail
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Land Area

N/A
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Floor Area

625 SQM
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Parking

N/A

Superb Land Rich Restaurant and Function Venue Investment

Fitzroys is delighted to offer this modern, high quality licensed restaurant and function venue.

Key features include:

- 5 x 5 x 5 year lease to a quality tenant
- Returning $107,120 per annum plus usual outgoings and GST (as at 17/11/2019)
- Significant land parcel of 5,304sqm* on a corner allotment with excellent access and connectivity
- Three street frontages totalling 206* meters to Epping Road, Pine Park Drive and Steadman Way
- Includes 36 car parks on title
- Over $1 million has been spent on building refurbishment and fitout
- Excellent value add opportunity providing scope to develop, lease, licence or occupy other buildings or areas of the land (stpa)
- Positioned at the gateway to the highly popular and recently sold out “Eucalypt” residential estate-
- Outstanding access to education, future retail amenity, amazing recreational facilities and much more
- Surrounded by rapidly expanding residential catchment in one of Victoria’s fastest growing regions underpinned by strong prospects for future capital appreciation and rental growth
- Contained within the Epping North East structure plan
- Bordering the VPA approved Wollert precinct structure plan which will accommodate 15,000* new dwellings for 42,000* plus people
- Rare opportunity in high growth location

*Approx.

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 4TH DECEMBER AT 3PM

For more details, please email agent

Fitzroys

Level 27 / 360 Collins Street, Melbourne, VIC 3000


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