120 Nicholson Street, Brunswick East

This is a unit on a parcel in 1/TP532338 Brunswick East VIC. In the local government area Moreland, it has 2 bedrooms, 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
2
Bathrooms
1
Car spaces
0
Land size
186 m2
Building size
-
Council area
Moreland
Year built
n/a
Lot plan
1/TP532338 Brunswick East VIC
House type
Commercial: Retail Building



HISTORY

Last sold 12/12/2018
$910,000



LISTING DESCRIPTION
as of December 2018

Strategic Inner North Freehold Investment Secure 8 year lease to 2021 plus 5 year option to 2026.Concept for future redevelopment.Fixed 3% annual increases.Securely leased, entry-level retail shop with concept drawings for future 4 level boutique mixed-use development.Milkwood: long established caf tenant with loyal customer base and recent expansion of high quality fit-out.Strategic 186 sqm site with 6m frontage, rear ROW and prefered overall height limit for 4 level future development (STCA).Immediate access to popular 96 tram line with regular services to St Kilda via the City, Carlton and Albert Park.Nicholson Street Corridor: rapidly evolving mixed-use precinct zoned for redevelopment with current pipeline of 14 projects incorporating over 1,100 new dwellings and new Coles supermarket.Brunswick East: Booming cosmopolitan suburb 6kms from the Melbourne CBD with 15.64% growth since June 2016.Rent: $45,202 pa (April 2019)Auction 11am AEDT Wednesday 12 December 2018River Room, Crown Casino, Melbourne