80-82 Kooyong Road Caulfield North VIC 3161

Colliers International, in conjunction with Gary Peer & Associates, are pleased to present an outstanding commercial office and/or development opportunity at 80-82 Kooyong Road, Caulfield North. For sale by expressions of interest closing Thursday 10th December 2020, this existing office building is supremely located within Caulfield North, opposite Memorial Park, upon an expansive Commercial 1 zoned allotment of approximately 1,187m². A highly versatile offering, with existing improvements, current income, a favourable zoning and two street frontages; 80-82 Kooyong Road Caulfield North lends itself to owner occupiers, investors and developers.

Key highlights include:

- Substantial Commercial 1 zoned site of 1,187m² with frontage to Kooyong Road and an adjoining laneway

- Quality existing improvements which features a part two storey office building of approximately 484m² plus 16 on grade car parks

- Leased to FBI Travel until 30 June 2021, plus options that can be amended to suit the needs of the purchaser

- Current rental of approximately $250,000 per annum plus GST

- Indicative six storey development scheme and town planning assessment available

- Prime Caulfield North location, directly opposite Memorial Park, approximately 7 kilometres from the Melbourne CBD

- Caulfield North median house price of $2,300,000 (CoreLogic)

- Highly suited to a variety of development outcomes including residential, commercial office, medical, retail (STCA)

*approximately