246-256 Sydney Road,
Brunswick, VIC 3056

Z. Real Estate proudly presents a rare and exceptional opportunity to secure a high-performing, fully leased freehold investment with triple income streams in one of Melbourne's most tightly held city-fringe locations. Occupying a substantial 697.95 sqm* parcel of land with a net lettable area of approximately 945 sqm*, this site is ideally positioned adjacent to a brand-new public park, enhancing both its immediate appeal and long-term value. With Commercial 1 zoning, dual street access, and no owners corporation, this flexible property offers significant holding income while paving the way for a future multi-level, mixed-use development.

Currently returning a strong gross income of $165,808 p.a., the property is securely leased across two commercial tenancies on the ground floor and a spacious residential tenancy upstairs. This solid rental base is underpinned by a full planning permit that allows for the demolition of the existing structures and construction of a striking new development comprising retail, food and beverage offerings, and residential accommodation. The endorsed plans also include improved access from the rear laneway, and all permit documents are ready and available, eliminating the usual delays associated with the planning process.

Located just 6km from Melbourne's CBD in the heart of Brunswick, the property enjoys unrivalled access to Sydney Road's eclectic mix of retail, dining, and lifestyle offerings, along with immediate proximity to Barkly Square, the 19 Tram, Anstey Station, and major institutions such as the Royal Melbourne Hospital, University of Melbourne, and RMIT. It is also directly opposite the Brunswick Town Hall and Chamber of Commerce, further anchoring its position in one of the area's most prominent civic and commercial pockets. With a wide frontage on Sydney Road and neighbouring a newly completed park, this is more than just an investment-it's a strategic acquisition with long-term growth and development potential in one of Melbourne's most evolving urban precincts.