A Rare Freehold In Prominent Retail Precinct - Forthcoming Auction

For Sale - 170-172 Nicholson Street, Footscray

Development/Land (Offices, Retail, Hotel/Leisure, Medical, Residential), Offices, Retail, Hotel/Leis

Overview

Property ID: 16297
Price: Contact Agent
Building: 269m²
Land: 421m²
Zoning: Activity Centre Zoning (ACZ1)

Description

A unique freehold building with period charm and development upside is now available for sale, forthcoming auction.

This freestanding commercial/retail building comprises of a two level building the flexibility of two titles and can be occupied in a multitude of different ways (STCA), an eye catching double fronted shop on the ground floor, with the option to reinstate an office on the first floor mezzanine, or convert to a residential apartment. In addition to this, there is an existing warehouse attached to the building which has access both internally from the front and through rear lane access.

The site itself is proudly positioned in one of Footscray’s most prominent locations on 421m2*of land and is supported by an activity centre zoning (ACZ1) providing ultimate flexibility for future re-development and suitable for but not limited to, residential, medical, commercial or mixed use development (STCA).

Located 6 kilometres* from the Melbourne CBD, the property is surrounded by an array of restaurants, cafes and other retail offerings including Coles Supermarket and Kmart. Furthermore the property is within walking distance to Footscray Train Station, Victoria University and is well serviced by a number of bus and tram routes on nearby Irving Street.

Property Features Include:

- Prominent street frontage to Nicholson Street
- Total building area 269m2*
- Total land area 421m2*
- Rear lane access
- Activity Centre Zoning (ACZ1)
- Two title flexibility
- Potential to divide into two buildings
- Rear carparking on titile

To arrange inspection, or for further information, please contact CVA Property Consultants.

*Approx.
Pricing excludes GST

Additional Info

Features
AvailabilityUpon settlement
Car SpacesOn site
ConditionGood
Suitable DevelopmentMixed Use (STCA)
Wheel Chair AccessYes
ZoningActivity Centre Zoning (ACZ1)
Outgoings
Owners’ CorporationN/A
Council RatesTBA
Water RatesTBA
Land TaxTBA
Other ChargesTBA

Agent Details

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