Seize the chance to own a piece of Brunswick West’s future with 57 Melville Road, a prime commercial property boasting a solid foundation for growth and development. Currently home to a thriving café and restaurant precinct, this property not only offers immediate cash flow but also an exceptional development upside, approved for a sophisticated residential transformation.

Investment Highlights:

- Current Income Stream: With a robust lease yielding $116,000 per annum + GST, under a secure 3x3x3 year term, you can enjoy a steady revenue with escalation clauses that promise growth.

- Approved Development: Permits in place for 9 high-end apartments, including 8 two-bedroom dwellings and a luxurious three-bedroom penthouse, catering to the strong residential demand in the heart of Brunswick West.

- Location Advantage: Positioned on the bustling Melville Road, the property reaps the benefits of high foot traffic and visibility, making it a coveted spot for both commercial and residential occupants.

- ROI Potential: With a forecasted return on investment from 6% ROI, this opportunity is set to meet the expectations of discerning investors looking for both yield and capital growth potential.

Development Potential:
Crafted with an architectural vision that blends urban chic with comfort, the approved residential project is an ode to modern living. Each apartment is designed to offer space, light, and a connection to the vibrant community, while the crown jewel penthouse promises panoramic views and upscale amenities.

Strategic Investment:
Whether you’re looking to bank on the current income or capitalise on the development potential, 57 Melville Road is a strategic asset that offers more than just a slice of real estate – it’s a gateway to long-term value in a suburb on the rise.