Two quality retail properties on one title

GrayJohnson is pleased to bring to the market these two properties on a single title, to be sold as one. Both properties are securely leased and offer strong investment returns.

Occupying the corner of Bell Street and Turner Street, the two-storey retail premises are currently in use as offices. The well-presented building of 300sqm* has excellent exposure to Bell Street, a major arterial in Melbourne’s inner north. A wide laneway at the rear also provides access to three off-street car parks. It is currently returning $63,500 p.a. net plus GST.

The adjoining single-level retail shop at 416A faces Turner Street. With a building area of 122sqm*, it is currently returning $33,280 p.a. net plus GST. It has one car park off the laneway.

• Total land area 439sqm*
• Zoned Commercial 1
• Total building area 422sqm*
• Off street car parking
• Frontage to Bell Street 13.1m*
• Land frontage to Turner Street 33.5m*

The properties are located on a high profile corner in a busy precinct with a mix of retail, fast food and service businesses. Near neighbours include Piedimonte’s Supermarket, McDonald’s and Hungry Jack’s. There is a bus stop outside the premises in Turner Street and it’s a two-minute walk to the No.58 tram. Bell Street provides direct access to the Tullamarine Motorway (M2) and from there to the Western Ring Road (M8). Merri-bek City Council is currently developing a new community park nearby.

With tenants in place and assured ongoing rental returns this is an outstanding opportunity to secure quality property in a thriving inner north location just 8km from the Melbourne CBD.

*approx.