1025-1029 Mt Alexander Road Essendon VIC 3040

Stonebridge Property Group is pleased to present for sale 1025-1029 Mount Alexander Road, Essendon.

The key highlights of the opportunity include:

- An expansive 1,014 sqm* freehold site with significant surplus land providing untapped potential to value add through development (STCA)

- 3 separate tenants, a Barber, Psychologist/Wellness and Homewares businesses, provide a diversified annual income

- Zoned: Commercial 1 (C1Z) allowing for intelligent future development options (STCA) including retail, commercial, residential or mixed-use

- Strategically situated in Design & Development Overlay 3 allowing for a future development of five storeys (STCA)

- Valuable 'triple shop' frontage (20 m*) to Mount Alexander Road allows scope for further retail activation

- The versatile landholding spans 3 separate shops and enjoys the benefit and convenience of rear access via Leake Street

- Strategically positioned within the strong trading Essendon North Shopping Village which typically boasts some of Melbourne's lowest retail vacancy

- Located in the affluent suburb of Essendon, which boasts a median house price of $1,765,000 and convenient proximity to Melbourne CBD

*Approximately

1025-1029 Mount Alexander Road, Essendon is offered for sale via Public On-site Auction on Thursday 27th April 2023 at 2:30pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0448 296 892

Nic Hage
0448 782 594

Shawn Luo
0412 338 918

Property Code: 620