"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT
- STRATEGIC VALUE ADD FREEHOLD
- SUBSTANTIAL SITE OF 1887 SQM*
- RE-DEVELOPMENT APPROVED
* 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 to be 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
Michael Ryan 0433 180 199
Joseph Walton 0417 309 347
In Conjunction with Melbourne Acquisitions
Dominic Gibson 0409 366 941
James Latos 0437 537 957
FOR AN IMMEDIATE INSPECTION CALL US TODAY!