CITY FRINGE LANDBANK OPPORTUNITY – SOLD

Emmetts completed the sale a significant city fringe investment property located in the Collingwood Commercial Precinct.

Investment Sales, Development Sites, Industrial Investment

Property:

Situated within the prime city fringe suburb of Collingwood, the property is situated in an area that is rapidly transforming from city fringe industrial to trendy office precinct.

Investment considerations included:

+ Significant landholding 1,942 sq m*

+ Combined corner frontage 97.53 metres*

+ Commercial 2 Zoning providing potential for office, hotel and part retail development (STPA)

+ Located within one of Melbourne’s hottest city fringe sub-markets

+ Medium term passing income of $251,000 pa plus GST

+ Strong capital reversion potential upon lease expiry

* denotes approx.

For further information on this sale, contact the agents.