34 Errol Street, NORTH MELBOURNE
overview
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1P0059
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Retail
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Sold
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230 sqm
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135 sqm
Description
The possibilities are limitless!
This securely leased double storey shop, currently tenanted by 'KL Bunga Raya (Singaporean/Malaysian Restaurant), offers exceptional returns and consistent investment success in the heart of the Errol Street shopping strip (Zoned Business 1).
High volume pedestrian traffic, a prominent profile, ample retail and storage space, proximity to car-parking and Victoria Street contribute to on-going appeal on 135sqm(1453sqft) approx.
Generous sales and display area is complemented by a large upstairs storage space while to the rear, additional storage, kitchen and bathroom facilities.
Lease 1/2/2010 -1/2/2015 with one x further 5 year option. Income Feb 2010 to Feb 2011 of $50,520 inc GST. Outgoings, including water, council rates, building insurance and $10m public liability insurance paid by tenant.
This landmark Victorian building offers unique scope for commercial, professional or residential conversion - or a combination of all three.The corner shopfront suggests a range of retail/office/showroom or cafe/restaurant options.
An outstanding investment opportunity in North Melbourne's best precinct. One of the strip's most significant opportunities in years.
High volume pedestrian traffic, a prominent profile, ample retail and storage space, proximity to car-parking and Victoria Street contribute to on-going appeal on 135sqm(1453sqft) approx.
Generous sales and display area is complemented by a large upstairs storage space while to the rear, additional storage, kitchen and bathroom facilities.
Lease 1/2/2010 -1/2/2015 with one x further 5 year option. Income Feb 2010 to Feb 2011 of $50,520 inc GST. Outgoings, including water, council rates, building insurance and $10m public liability insurance paid by tenant.
This landmark Victorian building offers unique scope for commercial, professional or residential conversion - or a combination of all three.The corner shopfront suggests a range of retail/office/showroom or cafe/restaurant options.
An outstanding investment opportunity in North Melbourne's best precinct. One of the strip's most significant opportunities in years.
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