Introducing a unique opportunity to acquire a commanding retail property situated in the thriving heart of Victoria Street, this impeccable double-storey freehold building stands as a testament to premier investment potential. Strategically positioned amidst a bustling commercial hub, the property offers an array of coveted advantages for discerning investors seeking long-term growth prospects.
The property is underpinned by its high-profile location in one of Australia’s most sought-after destinations, surrounded by a residential catchment that supports commercial, retail, and hospitality enterprises, with long-term development potential! Enjoy easy access to major arterial roads, Citylink, rail, and tram services along Victoria Street, and the proximity to North Richmond Train Station. Just a stone’s throw away is the highly sought-after city fringe location, Australia Post’s new $460 million National Support Centre, scheduled for completion in 2024*. The area is experiencing a surge in development, with Gurner’s upcoming $800 million mixed-use project (500 apartments plus a retail village) nearby, making it an ideal investment for future growth.
Key Property Highlights:
• Freestanding commercial building area: 608m2 approx.
• Land Area: 304m2 approx.
• Zoned Commercial 1 – C1Z
• 10m frontage to Victoria Street
• Rear access through the laneway, perfect for retail loading
• Exceptional local amenity
• Currently leased to a well-established Asian grocery store
• Increasingly rare and highly sought-after versatile open-plan internal accommodation over two levels.
• Prime city fringe location within a buzzing retail strip that houses numerous restaurants, fresh food offerings, and service-related businesses
Don’t miss out on securing this promising investment in a rapidly evolving neighbourhood that promises both immediate returns and future growth.