Knight Frank is delighted to offer this exciting commercial investment opportunity featuring outstanding development potential at the expiration of the current leases (STCA)

Situated within easy reach of a plethora of amenity, this property will suit investors, developers and future owner occupiers alike.

Key features include:

- Corner site of 910sqm approx.
- Quality commercial improvement currently divided into 6 units (4 tenants) with ample on-site car parking.
- Current passing income of $106,455 plus GST p.a. approx.
- Zoned Commercial 1 within Design and Development Overlay (DDO11-4) with a preferred height limit of 15 metres approx.
- Located within a premium suburb featuring a median house price of $1,400,000 approx.
- Within easy walking distance to Ivanhoe Shopping Strip (Upper Heidelberg Road), Ivanhoe Train Station, bus networks, Ivanhoe Grammar and Ivanhoe Girls Grammar.

FOR SALE VIA ON-SITE AUCTION ON THURSDAY 2ND MARCH 2017 AT 12NOON.

For further information or to arrange an inspection please contact Andrew or Tim