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Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039

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Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039
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Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039

Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039

Properties / Sold / Victoria / Moonee Ponds
Development Approved

1. Property Summary

Property Type
Commercial, Residential, Mixed Use
Land Area
1,887 m² (*approx)
Selling Method
SOLD:
Show All

2. Property Highlights

"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT

SOLD!

  • Currently returning $320,000 pa* with early termination and re-development clauses
  • Enormous potential for cash flow uplift with estimated fully let income of $500,000 pa*
  • Substantial 1,887sqm* land holding with rear access and 23* on-site car parks.
  • One of the last remaining super sites on Puckle Street with dual access
  • An established and iconic retail arcade with a massive 30 metre* frontage
  • Building consists of 15 tenancies comprising 14 retail shops and large first floor office space.
  • Strong performing 7 day trading retail and commercial precinct
  • Highly sought after location just 6km* from the Melbourne CBD
  • Property offers a unique and exciting opportunity to acquire a freehold building with significant development potential.
  • Located in a vibrant Activity Centre Zone (ACZ) allowing for multiple re-development strategies (STCA).
  • Property to be sold with the added benefit of an approved planning permit for a 10 storey mixed use building comprising 84 apartments, 9 retail shops and office

For further information, contact the marketing agents in conjunction with Allard Shelton

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial, Residential, Mixed Use
Land Area
1,887 m² (*approx)
Selling method
SOLD:

2. Property Highlights

"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT

SOLD!

  • Currently returning $320,000 pa* with early termination and re-development clauses
  • Enormous potential for cash flow uplift with estimated fully let income of $500,000 pa*
  • Substantial 1,887sqm* land holding with rear access and 23* on-site car parks.
  • One of the last remaining super sites on Puckle Street with dual access
  • An established and iconic retail arcade with a massive 30 metre* frontage
  • Building consists of 15 tenancies comprising 14 retail shops and large first floor office space.
  • Strong performing 7 day trading retail and commercial precinct
  • Highly sought after location just 6km* from the Melbourne CBD
  • Property offers a unique and exciting opportunity to acquire a freehold building with significant development potential.
  • Located in a vibrant Activity Centre Zone (ACZ) allowing for multiple re-development strategies (STCA).
  • Property to be sold with the added benefit of an approved planning permit for a 10 storey mixed use building comprising 84 apartments, 9 retail shops and office

For further information, contact the marketing agents in conjunction with Allard Shelton

Remember to mention you found this property on DevelopmentReady

Read More
Development Approved
Dominic Gibson
Dominic Gibson
+61 *** *** *** show +61 409 366 941
Michael Ryan
Michael Ryan
+61 *** *** *** show +61 433 180 199

Download Development Site Report

3. Property Location

Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039

Property Map
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Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039 Moonee Ponds
Melbourne Acquisitions
Melbourne Acquisitions
19A Church Street, Brighton VIC 3186
View Agency Profile
Dominic Gibson
Dominic Gibson
+61 *** *** *** show +61 409 366 941
Allard Shelton - Melbourne
Allard Shelton - Melbourne
3/267 Collins St, Melbourne VIC 3000
View Agency Profile
Michael Ryan
Michael Ryan
+61 *** *** *** show +61 433 180 199