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SOLD

244-246 St Georges Road, Fitzroy North, VIC, 3068

Properties / Sold / Victoria / Fitzroy North

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

245 m² (*approx)

Selling Method

Auction: Thursday 19 August, 1:00pm

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2. Property Highlights

Potential Plus In Prized Location

Shop, Dwelling & Separate Warehouse
Two Street Frontages
Excellent North Fitzroy Village Location

• Highly versatile freehold located in the heart of one of Melbourne’s most tightly held precincts
• Impressive 2 storey building of 500sqm* comprising ground floor restaurant, first floor dwelling, basement cellar plus separate warehouse
• “L” shaped site of 245sqm
• Rare dual street frontage to St Georges Rd (8.34 metres*) and Austin Way
• 3 year lease (no options) to “Panna Thai” restaurant
• Returning $64,233 per annum plus GST
• Rear warehouse fronting Austin Way offered with vacant possession
• Genuine value add / further development opportunity (stca)
• Positioned within the prime trading section of the popular Fitzroy North Village near the corner of Scotchmer Street
• Dynamic and highly sought after retail and hospitality precinct only 4km* north of the CBD
• Directly opposite local institution, Piedimonte's Supermarket
• Metres from public transport amenities and the spectacular Edinburgh Gardens
• The Immediate area is set to benefit further from the redevelopment of the Piedimonte site, which will include a full line 4,099sqm* supermarket and over 60 apartments

FOR SALE BY PUBLIC AUCTION ON THURSDAY 19th AUGUST AT 1PM ON SITE

*approx.

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Development Potential