This exceptional corner site is located just a short stroll away from Footscray train station and Maribyrnong River, and boasts prominent main road exposure, presenting a wealth of opportunities.
Current approved town planning permit for the construction of a 6 level mixed use development comprising of 12 x residential apartments and 1 office/retail space on the ground floor.. **PDF copies of plans available upon request**
The existing property comprises of two buildings on a single title, each with its own entrance, featuring 1 x retail shop and 2 x residential units currently leased for $20,856 and $18,252 respectively.
The existing ground floor retail space is vacant and currently advertised for lease at $35,000 per annum - combined total potential return - approximately $73,000 per annum.
A superb opportunity to secure a top-quality property just minutes away from the CBD (Docklands is approximately 2.5km away).
Key features include:
Only 300m* away from Footscray Station Land Size: 316m2* Two street frontages - Napier Street/Cowper Street
*approx.
DOUGLAS KAY REAL ESTATE 280 HAMPSHIRE ROAD, SUNSHINE, VIC, 3020
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
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Contact Francis (thanh) Vuong to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.