"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT

Type
Method of Sale

SOLD PRIOR TO AUCTION "PHILLIPS ARCADE"

•Currently returning $320,000 pa* with early termination and re-development clauses

•Enormous potential for cash flow uplift with estimated fully let income of $500,000 pa*

•Substantial 1,887sqm* land holding with rear access and 23* on-site car parks.

•One of the last remaining super sites on Puckle Street with dual access

•An established and iconic retail arcade with a massive 30 metre* frontage

•Building consists of 15 tenancies comprising 14 retail shops and large first floor office space.

•Strong performing 7 day trading retail and commercial precinct

•Highly sought after location just 6km* from the Melbourne CBD

•Property offers a unique and exciting opportunity to acquire a freehold building with significant development potential.

•Located in a vibrant Activity Centre Zone (ACZ) allowing for multiple re-development strategies (STCA).

•Property sold with the added benefit of an approved planning permit for a 10 storey mixed use building comprising 84 apartments, 9 retail shops and office

For further information, contact the selling agents Dominic Gibson 0409 366 941 or James Latos 0437 537 957

*approx


ENQUIRY ABOUT - 31-43 Puckle Street, Moonee Ponds

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Contact Agents

Dominic Gibson

Managing Director

Dominic Gibson

Melbourne Acquisitions is led by Dominic Gibson; a fully licensed estate agent and qualified auctioneer with over 10 years experience in sales, leasing and property management.
 

Dominic Gibson

Email dom@m-acquisitions.com.au

Call 0409 366 941

James Latos

Sales Executive

James Latos

James brings with him a wealth of knowledge of the legal intricacies affecting vendors and investors alike. This, combined with a tireless work ethic and an unwavering desire to get the best results for his client’s ensures that clients are provided with a premium level of service and that no stone is left unturned in pursuit of their goals.
 

James Latos

Email james@m-acquisitions.com.au

Call 0437 537 957

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