Multi-Faceted Investment with Future Upside.
> Land area: 510 sqm approx.
> Building area: 838 sqm approx.
> Massive frontage to Lygon Street: 15 metres approx.
> Zoning: Commercial 1
> Three income streams
> Total net rental: $80,000 pa Net
> Ground floor - Whole Foods Pty Ltd - $29,860.80 pa Net
Commenced: 1/7/2012
Term: 5 + 5 + 5 years
> First floor - Studio - $31,155 pa Net
Commenced: 15/11/2011
Term: 3 years
Options - nil
> Part first floor - Telstra - $19,001.56 pa Net
Commenced: 21/8/2005
Term: 10 + 5 + 5 + 5 years
*Note: Rental paid 12 months in advance
Other key attributes includes:
> Excellent natural light to 3 sides
> Access from 3 sides
> Rare inner city investment with long term development potential
Ideally positioned on the western side of Lygon Street, between Stewart and Albion Streets.
It is strategically located close to major arterials, including Moreland Road, Sydney Road and CityLink.
It also enjoys easy access to Allard Park, Roberts Reserve and Northcote Golf Club.
The immediate area has seen significant gentrification with the introduction of several large scale residential developments.
For further details, please contact:
Rory White 0439 655 504
rwhite@grayjohnson.com.au
Matt Hoath 0418 543 714
mhoath@grayjohnson.com.au
