> Valuable landholding of 1165m2 approx.
> Expansive frontage to Swan Street - 20 metres approx.
> Impressive showroom/ warehouse of 935m2 approx.
> Excellent onsite car parking
> Short term income - $185,600 PA net as at Sept 2019
> Significant development options available (S.T.P.A)
> Preferred maximum building height of 40 metres (10 storeys) approx (S.T.P.A)
> Favourable Commercial 2 Zoning. There is a proposed amendment to the Yarra Planning Scheme. Amendment C191 proposes a rezone to Commercial 1.
488-490 Swan Street is ideally positioned on the southern side of Swan Street between Burnley Street and Stawell Street.
The property is strategically positioned within a thriving commercial hub which boasts high profile neighbours such as Zagame Automotive Group, Winning Appliances, Stonehaven Homes, Green Leaves Early Learning, Friends of Mine Cafe, Red Rooster, KFC and Jati Furniture.
The property has excellent access to major arterials including Swan Street, Burnley Street, Church Street, Bridge Road and CityLink.
It has fabulous access to all modes of public transport including train and tram services with the Burnley train station only 3 minutes away.
For more details, please email agent