Colliers is excited to present For Sale 17 Reynolds Road, Belmont. A strategic property with long term upside. A strategic investment opportunity in a thriving location with significant landholding which presents as an investment with long term potential redevelopment.

The property comprises of 2,975 square metres* of building area with approximately 175 car parks* on a total of 15,602 square metres* of mixed use zoned land. The property is strategically located in the growing and ever popular suburb of Belmont, moments from Princes Highway and Waurn Ponds Shopping Centre allowing for easy access to and from the property.

This investment opportunity secured by long leases for the next 20 years with options also allows for future development or value add opportunities to increase the current passing income.

Some of the features of the property are:
- Significant land area of 15,602 square metres*
- Building area of 2,975 square metres*
- Current income of $195,000 per annum*
- Prime Belmont location
- Close proximity to Waurn Ponds Shopping Centre and Deakin University
- 175* car parks onsite
- Zoned Mixed Use

For Sale by Private Auction on Thursday 9th March 2023 at 12pm (AEST)

For more information please contact Colliers agents Ben Young on 0407 296 6... or Chris Nanni on 0438 306 3... or Andrew Lewis on 0418 508 9....

*Approx