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157 Lygon Street Brunswick East, VIC 3057

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157 Lygon StreetBrunswick East, VIC 3057

Retail
Sold Price

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Land area

244.0m²

Floor area

160.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

13 Dec 2017

FREEHOLD GREEN GROCER INVESTMENT ON 244SQM* OF UNDERUTILISED LAND

  • OVERSIZED LANDHOLDING OF 244SQM*
  • LEASED TO LONGSTANDING GREEN GROCER
  • HOLDING INCOME OF $45,000 PER ANNUM*

CBRE Melbourne Strip Retail Investments are pleased to present to the market 157 Lygon Street, Brunswick East, for sale via public on-site auction Wednesday 13th December at 10:30am

We highlight some key features below:

- Leased to longstanding Green Grocer 'Smith & Maloney' providing holding income of $45,000 per annum* with no further options after July 2020

- Set amongst a number of high density residential developments, set to provide a major injection of population in the near future

- Oversized landholding of 244sqm*, with highly accessible rear lane access

- Positioned on an underutilised and flexible allotment, providing the value add potential for future development and/or extension (STCA)

- An exciting freehold opportunity that provides investors, owner occupiers and developers with an unprecedented growth outlook

*Approx

Nic Hage

+61 448 782 594

Rorey James

+61 439 400 081

Jing Jun Heng

+61 411 059 116

Property ID: 502636062Last Updated: 19 Feb 2018

Agency contacts

CBRE  - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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CBRE - Victoria
157 Lygon Street Brunswick East, VIC 3057

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,