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680 High Street Thornbury VIC 3071

  • Development / Land
  • 576 m²
  • For Sale, Contact Agent

High on Growth and Potential!

Landmark future development opportunity, situated within the vibrant city fringe northern suburb of Thornbury.

This unique future residential or commercial development (STCA) offers generous street frontage of 18 metres* to High Street and 32 metres* to Raleigh Road plus a rear lane way providing vehicle parking and access. 

This former bank building comprises a two level brick building of 315m2* on a total landholding of 576m2*. The property benefits from a dual tenancy including the Commonwealth Bank of Australia ATM and Women's Health in the North Inc. with a combined rental income of $79,834.09 per annum.
 
The Property
- Two level brick building area of  315m2* 
- Total land area 576m2*
- 18 metre* frontage to High Street
- 32 metre* frontage to Raleigh Road
- 18 metre frontage to Rear access lane way

The Income
- Tenant One: Women's Health in the North Inc
- Commencement Date: 1st July 2017
- Term: Three (3) years + further option of Three (3) years (option exercised)
- Rent: $72,334.09 p.a. plus GST*
- Reviews: annual 3%

- Tenant Two: Commonwealth Bank of Australia - ATM
- Commencement date: 1st March 2019
- Term: Two (2) years
- Rent: $7,500.00 p.a. plus GST*

The Opportunity
- Commercial 1 zoning
- Neighbouring residential developments range between 5 - 8 levels* 
- Close proximity to public transport - 600 metres * to Thornbury Train station & the 86 Tram at your doorstep
- Public services including Thornbury early learning centre, Penders Park, Henderson Park, Sir Nicholls Sporting Complex and schools within walking distance. 

For further information please contact CVA Property Consultants.

*Approx.
Pricing excludes GST
 

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016119946
Floor Area315 m²
Land Area576 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  26 May 2020
Map for 680 High Street Thornbury VIC 3071
Map for 680 High Street Thornbury VIC 3071680 High Street Thornbury VIC 3071
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

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CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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