Rustic Mixed Use Investment + Development Upside
- Building: 280m²
Ray White Commercial proudly present this prime Warehouse/Residence located in the heart of South Melbourne on the door step of the Melbourne CBD. This location provides direct access to CityLink, Westgate Freeway and the Melbourne CBD. Public transport is within a short walk with the South Melbourne market and Clarendon retail precinct in close proximity.
The property is currently leased to long standing renowned Blacksmith who occupies the whole property. Located within a Capital City Zone will allow an astute investor the opportunity to unlock this properties future development prospects.
Location underpins property values, with this rustic beauty on the cusp of the Melbourne CBD will ensure your future options: Investment, Development or Occupying will bring success.
Property features include :
Land Area | 160m2 approximately
Building area | 280m2 approximately
Rental | $47,000 per annum plus outgoings
Lease | Five (5) Years
Reviews | Increased 3% Annually
Options | (NIL)
Zoning | Capital City Zone (CCZ1)
• Former Bakery converted in Blacksmith Work Shop
• Open plan Industrial Apartment with an abundance of natural light
Capital City Zone (Ccz1)