SOLD
SOLD
SOLD
SOLD
SOLD

Strategic Inner North Freehold Investment

120 Nicholson Street, Brunswick East VIC

Property Highlights

Secure lease with option to 2026

Concept for future redevelopment

Fixed 3% annual increases

Description

Secure 8 year lease to 2021 plus 5 year option to 2026.
Concept for future redevelopment.
Fixed 3% annual increases.
Securely leased, entry-level retail shop with concept drawings for future 4 level boutique mixed-use development.
Milkwood: long established café tenant with loyal customer base and recent expansion of high quality fit-out.
Strategic 186 sqm site with 6m frontage, rear ROW and prefered overall height limit for 4 level future development (STCA).
Immediate access to popular 96 tram line with regular services to St Kilda via the City, Carlton and Albert Park.
Nicholson Street Corridor: rapidly evolving mixed-use precinct zoned for redevelopment with current pipeline of 14 projects incorporating over 1,100 new dwellings and new Coles supermarket.
Brunswick East: Booming cosmopolitan suburb 6kms from the Melbourne CBD with 15.64% growth since June 2016.
Rent: $45,202 pa (April 2019)

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
186 SQM
Gross Building Area
186 SQM

Contact Agent

Beau Coulter

0413 839 898

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