Set on an impressively wide allotment in the very epicentre of Essendon, this unique property including home and separate shopfront provides an immediately rewarding investment opportunity along with the perfect credentials as a multi-level residential/commercial development site (STCA).
Key attributes of this opportunity:
· Large 746sqm* allotment with frontage to Rose Street of 20m* and rear access
· Commercial 1 Zoning (C1Z), uniform dimensions and excellent ROW access to the rear, as well as no current overlays or restrictions on title, plus a preliminary town planning report available advising that 'a 5 to 6 storey development is potentially appropriate'.
· THE SHOP: $28,400 per annum and comprises a main retail/showroom at the front leading through to a separate office/storeroom, toilet and tearoom.
· THE RESIDENCE: Surprisingly spacious, the two-storey period home features a total of five bedrooms and two bathrooms, together with a central lounge, open dining area and contemporary timber-top kitchen with stainless steel cooking appliances and ample cupboard space. Completing the picture is an expansive west-facing backyard garden with double carport via gated driveway.
· THE LOCATION: Instant access to Rose Street's popular shops and cafes, the convenience of Essendon Station, Mt Alexander Road trams and a choice of bus routes, it's also close to popular parks, kinder/childcare facilities and the area's elite private schools.
For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial on 9419 5511.
*approx
