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680 High Street, THORNBURY VIC, 3071

For Sale
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Property for Sale in 680 High Street, THORNBURY VIC, 3071

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11378628
Status:
Active
For:
Sale
Last Updated:
04/08/2020
Price:
Contact Agent
Icon building

Property Type

Land/Development/Offices/Retail
Icon square

Land Area

576 SQM
Icon size

Floor Area

375 SQM
Icon parking

Parking

N/A

High on Growth and Potential!

Landmark future development opportunity, situated within the vibrant city fringe northern suburb of Thornbury.

This unique future residential or commercial development (STCA) offers generous street frontage of 18 metres* to High Street and 32 metres* to Raleigh Road plus a rear lane way providing vehicle parking and access. 

This former bank building comprises a two level brick building of 375m2* on a total landholding of 576m2*. The property benefits from a dual tenancy including the Commonwealth Bank of Australia ATM and Women's Health in the North Inc. with a combined rental income of $79,834.09 per annum.
 
The Property
- Two level brick building area of  375m2* 
- Total land area 576m2*
- 18 metre* frontage to High Street
- 32 metre* frontage to Raleigh Road
- 18 metre frontage to Rear access lane way

The Income
- Tenant One: Women's Health in the North Inc
- Commencement Date: 1st July 2017
- Term: Three (3) years + further option of Three (3) years (option exercised)
- Rent: $72,334.09 p.a. plus GST*
- Reviews: annual 3%

- Tenant Two: Commonwealth Bank of Australia - ATM
- Commencement date: 1st March 2019
- Term: Two (2) years
- Rent: $7,500.00 p.a. plus GST*

The Opportunity
- Commercial 1 zoning
- Neighbouring residential developments range between 5 - 8 levels* 
- Close proximity to public transport - 600 metres * to Thornbury Train station & the 86 Tram at your doorstep
- Public services including Thornbury early learning centre, Penders Park, Henderson Park, Sir Nicholls Sporting Complex and schools within walking distance. 

For further information please contact CVA Property Consultants.

*Approx.
Pricing excludes GST
 

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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