Skip to main content
87-91 Paisley Street & 42 Pickett Street
Footscray VIC 3011
SearchBack to results
Sold on 7 Jun 2017

87-91 Paisley Street & 42 Pickett Street Footscray VIC 3011

  • Development / Land
  • 1,963 m²
  • Sold

The Perfect Investment & Landbank Opportunity

  • High Profile Medical Investment
  • Large Site / Triple Street Frontage
  • Activity Centre Zone

Savills is pleased to offer for sale this high profile medical building in excellent condition throughout, with outstanding future development potential at 87-91 Paisley Street & 42 Pickett Street, Footscray.

The key attributes of the property include:

- A high quality medical building of 1,187sq m*
- Leased to two longstanding and successful medical tenants
- The major tenant 'Vision Eye Institute' (15 locations nationally) occupies 73% of the building
- Current Net Rental: $398,347 per annum* + GST
- Enormous landholding of 1,963sq m*
- Extensive Paisley Street frontage with a second street frontage and access from Pickett Street
- Positioned within an Activity Centre Zone with unprecedented future development potential (STCA - Current preferred 6 storey height)
- Exceptional position within the bustling Footscray Activity Centre and retail hub a highly sought after retail and lifestyle location

The opportunity to secure such a high calibre city-fringe investment with significant development potential is very rare, especially when you consider the strong rental return, high quality tenants and a large landholding. Accordingly we encourage prospective purchasers to actively consider this excellent opportunity.

For Sale by Expressions of Interest closing Wednesday 5 April at 2pm.

For further information, please contact:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

*Approx.

Property Highlights

Date Sold7 Jun 2017
Floor Area1,187 m²
Land Area1,963 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2013441678
Category
Last updated  15 Jun 2021
Map for 87-91 Paisley Street & 42 Pickett Street Footscray VIC 3011

Property Highlights

Date Sold7 Jun 2017
Floor Area1,187 m²
Land Area1,963 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2013441678
Category
Last updated  15 Jun 2021

Listed by

Julian Heatherich
Julian Heatherich
Savills Melbourne
Call
0412 995 655

More Development / Land for Sale in Footscray VIC

Sold
135 nicholson street,footscray, VIC 3011
472 m²
Development / Land
Sold
112 & 116-120 buckley street,footscray, VIC 3011
435 m²
Development / Land
Sold
203 barkly street,footscray, VIC 3011
210 m²
Development / Land