Invest, Land Bank or Develop

This prominent two level building of 1,022sqm* has a 12 metre frontage to Main Street and is situated in the Greensborough Activity Zoned on land of 616sqm* enabling the potential for future re-development (STCA). There is a current rental income of $221,868 + GST + outgoings plus a further vacant office with potential rental value of $19,000. The existing tenancies are a family restaurant occupying the ground level, with a pilates studio and book keeper on the upper floor.

The property is ideally positioned within Greensborough’s main retail shopping strip, across from the Greensborough Plaza which is home to more than 180 stores, anchored by Coles, Target, KMart and Hoyts Cinemas. Further to this there is Greensborough railway station approximately 200 metres away, WaterMarc Aquatic Centre, ample public car parking at the rear of the premises and dual road access creating versatility, particularly should redevelopment be considered.

*Approx

Contact: Terry Gazelle 0438 196 480