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Significant corner landholding with development upside (S...

406 Victoria Street, RICHMOND VIC, 3121

For Sale

Property for Sale in 406 Victoria Street, RICHMOND VIC, 3121

Commercial Real Estate Group Australia

182 Bulleen Road, Bulleen, VIC 3105

Listing ID:
11350983
Status:
Active
For:
Sale
Price:
EOI - Contact Steve 0497 18 18 18
Last Updated:
19/07/2019
Icon building

Property Type

Land/Development/Offices/Showrooms/Bulky Goods
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Land Area

376 SQM
Icon size

Floor Area

490 SQM
Icon parking

Parking

N/A

Significant corner landholding with development upside (SCTA)

• 376 square metres* of C1Z land

• 13.1 M* plus 25.7 M* side frontage.

• Current improvements include 2 storey's of commercial floor area, plus a rear warehouse with roller door

• Both office levels currently tenanted on month-to-month basis

• Corner block in great location 450m* from major retail shopping centre, Victoria Gardens

• Located on Victoria St, Richmond which is a prominent location for all commercial business types (retail, office, medical, child-care)

• Development potential, Commercial, Residential, or Mixed-Use (SCTA)

• Fringe office space is highly sought after in this suburb (SCTA)

• Potential to take advantage of excellent market conditions and develop this block (SCTA)

• Currently excellent income producing asset (290 sqm* net lettable area office floor area plus 200 sqm* net lettable area industrial floor area)

• Estimated potential net rental return of $141,000 - $167,500 per annum* (plus GST plus Outgoings)

• Benefit from proximity to Victoria Gardens, Victoria Street, with nearby public transport and connection to CBD

• Buy and hold, rent or develop, or both

To secure this great opportunity, please contact Steve on 0497 18 18 18 to discuss the asking price, terms and arrange an inspection.

Land Area 376 sqm*

Building Area 490 sqm*

For further information please don't hesitate to contact Steve on 0497 18 18 18.

For more details, please email agent

Commercial Real Estate Group Australia

182 Bulleen Road, Bulleen, VIC 3105


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