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Sold on 27 Feb 2014

483 Lygon Street Brunswick East VIC 3057

  • Retail
  • 838 m²
  • Sold

Think Big!

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

AUCTION

Auction date and time26/02/2014 14:00
Auction locationAsk Agent

Property Highlights

Property ID2010947808
Date Sold27 Feb 2014
Floor Area838 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  23 Jan 2014
Map for 483 Lygon Street Brunswick East VIC 3057
Gray Johnson
9/30 Collins Street Melbourne VIC 3000

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