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Sold on 13 Dec 2017

157 Lygon Street Brunswick East VIC 3057

  • Retail
  • 160 m²
  • Sold

FREEHOLD GREEN GROCER INVESTMENT ON 244SQM* OF UNDERUTILISED LAND

  • OVERSIZED LANDHOLDING OF 244SQM*
  • LEASED TO LONGSTANDING GREEN GROCER
  • HOLDING INCOME OF $45,000 PER ANNUM*

CBRE Melbourne Strip Retail Investments are pleased to present to the market 157 Lygon Street, Brunswick East, for sale via public on-site auction Wednesday 13th December at 10:30am

We highlight some key features below:

- Leased to longstanding Green Grocer 'Smith & Maloney' providing holding income of $45,000 per annum* with no further options after July 2020

- Set amongst a number of high density residential developments, set to provide a major injection of population in the near future

- Oversized landholding of 244sqm*, with highly accessible rear lane access

- Positioned on an underutilised and flexible allotment, providing the value add potential for future development and/or extension (STCA)

- An exciting freehold opportunity that provides investors, owner occupiers and developers with an unprecedented growth outlook

*Approx

Nic Hage
+61 448 782 594

Rorey James
+61 439 400 081

Jing Jun Heng
+61 411 059 116

Property Highlights

Property ID2014023500
Date Sold13 Dec 2017
Floor Area160 m²
Land Area244 m²
ParkingAsk Agent
Category
Last updated  13 Dec 2017
Map for 157 Lygon Street Brunswick East VIC 3057
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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