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For Sale

Auction 28th Jul 2023 On-site
Colliers are delighted to offer 316 St Georges Road, Thornbury For Sale by Public Auction Friday 28th July at 12pm (AEST) on-site.

This truly unique, premium investment opportunity provides buyers with security from a highly coveted tenant, substantial improvements that are extremely functional for the occupier and an array of real estate fundamentals that are rarely offered to the market. Prominently positioned on the corner St Georges Road and Shaftesbury Parade provides fantastic exposure and benefits from a rear laneway that is access via Shaftesbury Parade.

The key attributes of the property include:

• Freehold titled property with a versatile and highly functional two (2) level building that consists of a retail showroom, first floor office, warehouse, and yard area;
• Large landholding of 1,108m2 (approx.) with a building area of 910m2 (approx.);
• Prominently positioned on the corner of St Georges Road and Shaftesbury Parade provides exceptional exposure;
• Rear laneway access provided via Shaftesbury Parade;
• Long term lease to highly coveted and ASX Listed tenant;
• Annual net income $146,000 per annum (approx.);
• Well-structured leased with annual in-built rental growth;
• Flexible and highly desirable Commercial 1 Zone (C1Z);
• Attractive allowable height for future redevelopments (STCA);
• Immediate access to public transport with tram access on St Georges Road and a short stroll to Croxton Train Station which is on the Mernda Line;
• Approximately 7.5 kilometres north of the Melbourne CBD;
• Ease of access to major road arterials;

For Sale by Public Auction Friday 28th July 2023 at 12pm (AEST) to be conducted on-site.

For further information or to arrange an inspection please contact the exclusive selling agents.

Colliers:

Andrew Ryan +61 408 543 527
Corey Vraca +61 411 827 747
Mitch Purcell +61 437 958 029

Transaction Manager:

Greville Pabst
  • 27/07/2023
  • Contact our experts for details on this transaction