Immediate income with longer-term development potential
GrayJohnson is pleased to offer for sale this ideally located commercial property in one of Melbourne’s most desirable suburbs. Currently leased to Ultratune, the property enjoys a favourable Commercial 1 zoning, providing the opportunity for a future mixed-use project in this proven residential market.
Key features of the property include:
• Highly desirable residential suburb enjoying significant redevelopment
• Valuable landholding of 455sqm approx. with 10m approx. frontage to Waverley Road
• Ideal for future mixed-use development
• Rental: $67,000pa net
• Lively shopping strip location close to cafés, restaurants, parks and schools.
• Public transport at the door
• Easy access to major arterials including Princes Highway and Monash Freeway
For more details contact Rory White 0439 655 504 or Matt Hoath 0418 543 714.