FUTURE POTENTIAL

Develop

With an extremely attractive land size of 344 sqm* and two prominent street frontages the potential to unlock this site simply cannot be ignored.

Surrey Hills has a median house price of $2,215,000* and a median apartment price of $825,000*, the flexibility of the Commercial zoning will allow for a terrific multi-level mixed-use development (STPA).

Its location to schools, university and public transport cater for all the key ingredients that residential occupants look for.

*Realestate.com.au (REA Group)

Occupy

With the dual tenancies and staggered lease terms there would be opportunity to occupy in the building in part over the coming years. Ultimately allowing owners to derive income whilst running a business. This will also allow for future business growth to take over the entire freehold.

Refurbish

With the property representing a very sound structure there is also great opportunity for investors to improve the internals and floor plan with a refurbishment or extension to the building.

This will benefit in raising the face rents and provide a larger pool of future prospective tenants.

Method Of Sale

For sale by Public Auction on Thursday 23rd February 2023 at 12pm on-site.

Inspections

Strictly by appointment with the exclusive selling agents.

Terms Of Sale

10% deposit with the balance payable upon settlement in 60 days.

CONTRACT OF SALE & VENDORS STATEMENT

Available upon request.