Two prominent shops with development upside^.

GrayJohnson is pleased to offer for sale these two single-level commercial freeholds occupying a high-profile position in the heart of Thornbury’s eclectic High Street hospitality and retail strip. The properties, on two titles, are currently operating under one lease and will be sold in one line.

The space is currently in use as a large gallery fronting onto High Street plus individual artist studios and a workshop/studio. The interior is in excellent condition, with lofty ceilings and ample natural light. A laneway at the rear provides additional access via a small courtyard.

This property has much to offer a new owner-occupier or investor, with many possible uses including a hospitality venue, creative office or retail showroom. Longer term, there is significant potential to develop^. A permit has previously been issued for a five-storey mixed-use development of 12 apartments plus ground floor retail. Although this permit has lapsed, it demonstrates the scope to add significant value to the site in the future.

Key features
• Land area 431 sqm*
• Combined building area 302 sqm*
• Expansive 11.67 m* frontage
• Rental: $69,400 pa
• To be sold in one line

Location
• Pedestrian lights at the door
• Tram stop on the doorstep (Route 86)
• 4-minute walk to Thornbury station
• Shops, supermarket and cafés nearby
• Opposite St Marys primary school
• High-profile residential development opposite

*approx
^STPA