First time offered in 70 years. Two level brick factory warehouse of 940sqm approx with a significant 15.4 metre frontage to High Street and a 15.1 metre frontage to the rear boundary to Victoria Street. The land area is 698sqm approx and zoned Business 2 within the City of Stonnington. Front and rear roller shutter doors providing clear span entry.
The beauty of this site being its two street frontages, of particular interest to developers and owner occupiers alike. The property occupies the whole of the land and has street frontages to both High Street and Victoria Street at the rear. This highly regarded High/Chapel Street precinct enjoys high exposure and benefits from the excellent amenity, with trams at its doorsteps and Chapel Street retail strip approx 250 meters away. The immediate surrounding properties are a mixture of industrial buildings, new offices, hotels and residential apartments.
Passing income $70,195pa with significant upside. Lease expiry September 2009 (no option).