Strategic Inner North Freehold Investment
120 Nicholson Street, Brunswick East VIC
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