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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

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:

Nick Peden - 0402 011 266
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702

*Approx.

Supporting Documents

Brochure - 87-91 Paisley Street & 42 Pickett Street, Footscray

Property Highlights

Property ID2013441678
Date Sold7 Jun 2017
Floor Area1,187 m²
Land Area1,963 m²
ParkingAsk Agent
Category
Last updated  7 Jul 2017
Map for 87-91 Paisley Street & 42 Pickett Street Footscray VIC 3011
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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