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16 Michael Street
Brunswick VIC 3056
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Sold on 26 Aug 2021

16 Michael Street Brunswick VIC 3056

  • Shop & Retail
  • 905 m²
  • Sold

PROUDLY SOLD BY JLL Melbourne Commercial Sales

  • Dual fronted 905sqm landholding
  • Renewed 5 + 5 year lease
  • Longstanding tenant

PROUDLY SOLD BY JLL

The JLL Melbourne are pleased to have the exclusive privilege of offering for sale an exceptional freehold opportunity located at 16 Michael Street, Brunswick.

Key details of the opportunity include:

·          Renowned hospitality venue and longstanding tenant - 'Howler Bar'
·          Prime central Brunswick landholding of 905sqm* 
·          Renewed new 5 + 5 year lease
·          Current Net Rental of $104,000pa* + GST and Outgoings
·          Prominent frontage to Michael Street plus second frontage to rear laneway 
·          Flexible Mixed Use Zoning
·          Allowable development height of at least 25 metres (8 levels*)
·          Prime Brunswick location just moments from the popular Sydney Road retail strip boasting a myriad of restaurants, cafes, shops and complementary services and facilities.
·          In-demand city-fringe location only 4km from the CBD, easily accessible via trams, major road arterials on Sydney Road and nearby Brunswick and Jewell Train Stations.
·          Remarkable investment opportunity offering incredible upside

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Nick Peden | 0402 011 266
Jesse Radisich | 0402 085 702
Mingxuan Li   | 0498 688 998

*Approximate

·          Dual fronted 905sqm landholding
·          Renewed 5 + 5 year lease
·          Longstanding tenant

Property Highlights

Date Sold26 Aug 2021
Floor Area905 m²
Land Area905 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017125820
Category
Last updated  26 Aug 2021
Map for 16 Michael Street Brunswick VIC 3056

Property Highlights

Date Sold26 Aug 2021
Floor Area905 m²
Land Area905 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017125820
Category
Last updated  26 Aug 2021

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