Development opportunity with Approved plans and permits with retail space
Land/Development
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- Land area approx 212sqm
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Expressions of interest ends 29th November 5pm.
Set in the pulsating heart of Sydney Road and a unique commercial opportunity for clever investors as well as those who have grand redevelopment ambitions down the line, this sensational retail property is one you don't want to miss!
Investors will be captivated by the handsome rental returns and secure lease that accompanies this space, which is currently fitted out as a hospitality venue. The bonus of 831 Sydney Road though is that it comes with approved council plans and permits for 6 apartments on the site, as well as a retail space on the ground floor. This is the perfect opportunity for a savvy buyer to invest now and redevelop later!
Make the most of rental returns which reap $34,728.82 per annum Sensational location on a busy section of Sydney Road giving you great exposure and foot traffic day and night! Approved plans and permits include for 3 x 2-bedroom apartments, 3 x 1-bedroom apartments, and a ground floor retail space Current property boasts 191 sqm (approx.) of internal space Current space is fully-fitted out with a commercial kitchen, bar area, wonderful floor space for customers, 2 bathrooms, and reverse cycle heating and cooling Small outdoor area at the back with ROW access Laneway access at the rear makes it a cinch for deliveries
One of Melbourne's iconic shopping strips, Sydney Road is truly a jewel of the inner north thanks to an exceptional array of restaurants, bars, and shops. This location also gives you easy access to great schools, scenic parklands, Citylink, and public transport including trams at your doorstep and Moreland Station nearby.
Location and Amenities
Nearby Government Schools
Moreland Primary School, Sydney Road Community School, Brunswick North Primary School, Brunswick Secondary College-The Brunswick Learning Space, Brunswick Secondary College, Brunswick East Primary School, Coburg West Primary School & Coburg Primary SchoolNearby Private Schools
St Margaret Mary's School, St Fidelis' School, St Bernard's School, Antonine College - Cedar Campus, St Joseph's School, St Paul's School, Australian International Academy of Education & Our Lady Help of Christians SchoolContact Ericka Wong for more information.
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