An opportunity has presented itself to secure a flexible inner-city development site with holding income.

Positioned within a convenient residential location, the property is surrounded by public transport, shops and parkland - the possibilities are endless.

> Land area: 1,017 m2 approx
> Current Improvements: Fully-fitted food factory of 715 m2 approx plus on-site loading/parking area
> Three street frontages
> Flexible 'Mixed Use' zoning
> High growth residential precinct that has undergone significant improvement in recent years.
> Securely leased to ISS Catering Pty Ltd (subsidiary of ISS World Ltd) until 30/06/2012, returning $85,000 pa + all outgoings & GST
> Superb city fringe location with all of the attributes that will appeal to residential buyers

> Kensington is located just 4kms north-west of the Melbourne CBD.
> The site commands an outstanding position on the north-eastern corner of Albermarle & Hardiman Streets, with a 3rd street frontage to Little Hardiman Street.
> Within walking distance to two (2) train stations - Kensington on the Craigieburn Line & Macaulay on the Upfield Line - providing access to Melbourne's extensive public transport infrastructure.
> One block to the Racecourse Road on-ramp for the CityLink freeway network and Melbourne Airport.
> Within close proximity to the lively Macaulay Road shopping strip for all amenities including cafes / restaurants, post office & local supermarket.

Quality city fringe development sites are rare these days, especially those with the flexibility and locational attributes of this one. Don't ponder another missed opportunity; lock in your next project today.
Call Gray Johnson for further details.

Ben Evans 0403 427 678
bevans@grayjohnson.com.au

Matt Hoath 0418 543 714
mhoath@grayjohnson.com.au