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Melbourne Acquisitions - Melbourne

Phillips Arcade, 31-43 Puckle Street Moonee Ponds, VIC 3039

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Phillips Arcade, 31-43 Puckle Street,
Moonee Ponds, VIC 3039

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Melbourne Acquisitions - Melbourne
Phillips Arcade, 31-43 Puckle Street
Moonee Ponds, VIC 3039
Melbourne Acquisitions - Melbourne
Dominic Gibson
James Latos

Melbourne Acquisitions - Melbourne

Ground Floor, 607 St Kilda Road
MELBOURNE, VIC 3004

Detailed listing

Map of Phillips Arcade, 31-43 Puckle Street

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"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT

SOLD PRIOR TO AUCTION "PHILLIPS ARCADE"

•Currently returning $320,000 pa* with early termination and re-development clauses

•Enormous potential for cash flow uplift with estimated fully let income of $500,000 pa*

•Substantial 1,887sqm* land holding with rear access and 23* on-site car parks.

•One of the last remaining super sites on Puckle Street with dual access

•An established and iconic retail arcade with a massive 30 metre* frontage

•Building consists of 15 tenancies comprising 14 retail shops and large first floor office space.

•Strong performing 7 day trading retail and commercial precinct

•Highly sought after location just 6km* from the Melbourne CBD

•Property offers a unique and exciting opportunity to acquire a freehold building with significant development potential.

•Located in a vibrant Activity Centre Zone (ACZ) allowing for multiple re-development strategies (STCA).

•Property sold with the added benefit of an approved planning permit for a 10 storey mixed use building comprising 84 apartments, 9 retail shops and office

For further information, contact the selling agents Dominic Gibson 0409 366 941 or James Latos 0437 537 957.

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Property ID: 502855274Last Updated: 24 Mar 2020

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Melbourne Acquisitions - Melbourne
Melbourne Acquisitions - Melbourne
Ground Floor, 607 St Kilda Road
MELBOURNE, VIC 3004
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Dominic Gibson

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Dominic Gibson
Melbourne Acquisitions - Melbourne
Phillips Arcade, 31-43 Puckle Street Moonee Ponds, VIC 3039

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

Kind Regards,

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