Miglic Dean are delighted to offer for Immediate Private Sale this landmark inner-city corner retail site, complete with Planning Permit for future redevelopment, but also with a very good, strong short-term passive income stream, to suit owner-occupiers, investors and deveopers alike.
Strategically positioned on the corner of Johnston and Napier Streets, this prominent corner land holding has two (2) street frontages and an enviable north-facing and west-facing perspective. The tenancy enjoys a strong passive income with only short tenure remaining (~1.5 years) and no further terms available to either of the tenants.
Key features include:
> 7.6m frontage to Johnston Street
> 22.1m frontage to Napier Street
> Magnificent exposure
> Zoning: Commercial 1
> BUILDING AREA: 169m2*
> LAND: 169m2*
This amazing corner land holding is arguably one of the best corners in Fitzroy, boasting great development potential, but also a safe, sound and strategic investment for any passive investors and SMSFs.
Contact MIGLIC DEAN, exclusive selling agents, for more information on this rare opportunity to purchase a commanding corner site in the heart of Fitzroy, and capitalise on a healthy rental yield.
Richard Miglic
0418 556 900
richard@miglicdean.com.au
