Retail, Land/Development
Retail, Land/Development
Cornering Middleborough road and less than 2km to Laburnum station, this property presents a clever opportunity to develop a 5 Storey mixed use complex, using the already endorsed plans and permits. In a suburb where the median house price exceeded the $1 million mark years ago, more affordable apartments have become a popular commodity.
The endorsed plans and permits include 2 ground floor retail premises and 15 apartments, with one apartment taking the exclusive penthouse status on level 4. Apartments ranging from 2 one bedroom, 12 two bedroom and 1 three bedroom penthouse offerings, with each retail site covering approx. 83m2 and parking on ground and basement levels totalling 22 spaces.
The property is currently home to the well-established 'Pace Auto Electrics' occupying all three retail sites.
Highlights include;
• Endorsed plans and permits for 5 storeys plus basement
• Mixed Use facility with 2 retail sites and 15 Apartments
• 22 Car spaces
• Less than 2km to Laburnum Station
• 571m2* Land area
*Approx
The team is available and can accommodate COVID safe inspections by appointment. Please contact us for more information and scheduling.
Contact us to negotiate price and suitable lease terms.
Remember to mention you found this property on CommercialReady.com.au
