Teska Carson and Fitzroys as agents in conjunction are delighted to offer for sale 101 & 103-105 Evans Street, Brunswick.
103-105 EVANS STREET
This rare and unique redevelopment opportunity is just 40 metres from the popular Lygon Street retail precinct located in the rapidly developing and highly desirable inner-city suburb of Brunswick.
This substantial site offers Investors and Developers an excellent opportunity to acquire a generational property with the flexibility to continue with the current tenancy profile or redevelop into a multiple level development (STCA).
The key attributes of this opportunity include:
- Substantial Site Area: 752m2 with an extensive frontage to Evans Street of 27.43 metres* and rear road access.
- Lease: 5 + 5 year lease to Holborne Institute Pty Ltd - Education provider (lease contains demo clause).
- Current Rent: $108,780 pa plus outgoings and GST.
- Zoned: Mixed Use
101 EVANS STREET
Flexible and unique freehold opportunity just 70 metres from the popular Lygon Street retail precinct located in the rapidly developing and highly desirable inner-city suburb of Brunswick.
This site offers Investors and Developers an excellent opportunity to acquire a generational property with the flexibility to continue with the current tenancy profile or further redevelop the site (STCA).
The key attributes of this opportunity include:
- Site Area: 250m2 with an extensive frontage to Evans Street.
- Versatile building of 421m2 with rear road access.
- Short term lease with ability to activate development clause
- Current Rent: $59,488 pa plus outgoings and GST.
- Zoned: Mixed Use
Both properties are close to a plethora of multiple level mixed used developments along Lygon Street.
Benefiting from excellent transport options and attractive nearby amenities.
Rapidly growing residential population with many apartment projects underway and in planning stage.
The acquisition of both properties will provide the purchaser with a new total site area of 1,002m2* allowing for a much larger scale development (STCA) and a substantial frontage to Evans Street of 36.57 metres*.
The above properties are available for sale by Expression of Interest Closing Wednesday 25th September at 3pm.
Please call the listing agents for further details or to organise an inspection.
*approx.
