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.