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262-272 Racecourse Road, VIC 3031

Name: 262-272 Racecourse Road, VIC 3031
Address: 262-272 Racecourse Road, VIC, Flemington, VIC, 3031
Telephone: +61 404 893 142

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+16 Photos

Properties / Buy / Victoria / Flemington

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Retail/Shopping Centre, Land Site

Land Area

1,234 m² (*approx)

Selling Method

EOI: Contact Agent

EOI Closing Date

15 May 2024 02:00PM

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2. Property Highlights

MULTI TENANCY FREEHOLD ON 1234SQM OF LAND

Teska Carson is pleased to present 262-272 Racecourse Road, Flemington for Private Sale.

This triple fronted freehold site comprises eight tenancies being five shops plus three offices providing an outstanding opportunity to invest, value add, occupy or develop.

The key attributes of this unique opportunity include:

- Land Area 1,234m2*

- Multi-tenanted building with a combined NLA of 931m2*

- Current Rent of $268,302 per annum (estimated fully leased income $290,000 per annum)

- Diverse tenancy mix with multiple established tenants including Dominos and Subway

- Highly exposed on the corner of Racecourse Road and Wellington Street in the absolute heart of the Flemington retail precinct only 3km from the CBD

262-272 Racecourse Road presents an outstanding opportunity to acquire a highly sought after freehold providing the opportunity to re-position the asset, continue with the current income stream or re-develop (STCA).

Please call for further information or to arrange an inspection.

*approx.

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Commercial

Sub-type

Office, Retail/Shopping Centre, Land Site

Land Area

1,234 m² (*approx)

Selling method

EOI: Contact Agent

EOI Closing Date

15 May 2024 02:00PM

Add to calendar

2. Property Highlights

MULTI TENANCY FREEHOLD ON 1234SQM OF LAND

Teska Carson is pleased to present 262-272 Racecourse Road, Flemington for Private Sale.

This triple fronted freehold site comprises eight tenancies being five shops plus three offices providing an outstanding opportunity to invest, value add, occupy or develop.

The key attributes of this unique opportunity include:

- Land Area 1,234m2*

- Multi-tenanted building with a combined NLA of 931m2*

- Current Rent of $268,302 per annum (estimated fully leased income $290,000 per annum)

- Diverse tenancy mix with multiple established tenants including Dominos and Subway

- Highly exposed on the corner of Racecourse Road and Wellington Street in the absolute heart of the Flemington retail precinct only 3km from the CBD

Please call for further information or to arrange an inspection.

*approx.

Remember to mention you found this property on DevelopmentReady

Development Potential