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Sold on 12 Dec 2018

120 Nicholson Street Brunswick East VIC 3057

  • Retail
  • 186 m²
  • Sold

Strategic Inner North Freehold Investment

Secure 8 year lease to 2021 plus 5 year option to 2026.
Concept for future redevelopment.
Fixed 3% annual increases.
Securely leased, entry-level retail shop with concept drawings for future 4 level boutique mixed-use development.
Milkwood: long established café tenant with loyal customer base and recent expansion of high quality fit-out.
Strategic 186 sqm site with 6m frontage, rear ROW and prefered overall height limit for 4 level future development (STCA).
Immediate access to popular 96 tram line with regular services to St Kilda via the City, Carlton and Albert Park.
Nicholson Street Corridor: rapidly evolving mixed-use precinct zoned for redevelopment with current pipeline of 14 projects incorporating over 1,100 new dwellings and new Coles supermarket.
Brunswick East: Booming cosmopolitan suburb 6kms from the Melbourne CBD with 15.64% growth since June 2016.
Rent: $45,202 pa (April 2019)

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Property Highlights

Property ID2014754027
Date Sold12 Dec 2018
Floor Area186 m²
Land Area186 m²
ParkingAsk Agent
Category
Last updated  13 Dec 2018
Map for 120 Nicholson Street Brunswick East VIC 3057
Burgess Rawson & Associates
Level 7, 140 Bourke Street Melbourne VIC 3000

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