116 Pier Street Altona VIC 3018

An opportunity of un-paralleled scale and scope in the midst of Pier Street's busy, buzzing surroundings, this well known building has been the home of Sweeney's Swim School since 1988. Today, it offers new owners a spectacular opportunity to make their own imprint on Altona in a range of rewarding ways - the chance to define the future of this iconic address in the way that best fits your ambitions or objectives is an opening not to be missed. The time to dive in is now!

Executor's auction, Freehold only
Land 20.2m x 46.5m - 938m2 approx.
Ideal investment/development opportunity
Potential 5 level retail/residential site, STCA
Currently securely leased on a 2x5x5 basis
Rental return $170,018 + GST, 4.5% annual increase
Reliable tenant with a 58 year old business
Central position, 2 minutes' walk from Altona station
Car parking, reception area, heated indoor pool
Squash court, changing rooms and storage space

Only occasionally does Pier Street offer such a significant opportunity with such a strong sense of potential. A landmark property providing benchmark scope on a grand scale.

Auction 9th July 2025 at 12.00PM
Price Guide $3,200,000 plus

Enquiries: Harry Karageorge (Sweeney Estate Agents) 0417 355 911
David Bourke (Fitzroys) 0407 705 755