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122-124 Errol Street
North Melbourne VIC 3051
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Sold on 25 Oct 2023

122-124 Errol Street North Melbourne VIC 3051

  • Shop & Retail
  • 235 m²
  • Sold

Triple Fronted North Melbourne Corner with Unrivalled Fundamentals & Future Upside

  • 235 sqm* Freehold Building
  • 47 m* Triple Street Frontage
  • Flexible Mixed-Use Zone

Stonebridge Property Group, in conjunction with Belle Commercial Property, are pleased to present for sale 122-124 Errol Street, North Melbourne.

The key highlights of the opportunity include:

- An outstanding corner freehold positioned at the gateway to the City of Melbourne that provides unmatched tenant exposure

- Architecturally designed commercial building expanding 235 sqm* with meticulous fit-out. The building requires no capital investment

- Boasting 47 m* of triple street frontage the property provides excellent natural light, scope for further retail activation and efficiencies with future development outcomes

- 280 sqm* underlying land, coupled with favourable mixed-use zoning, dual access and a rear laneway allows for future development possibilities of up to 4 levels (STCA)

- Secure car parking for 5 vehicles, a rare commodity on a retail strip in the inner-city

- 100% leased to two highly respected tenants, Financially Sorted and Belle Property, both tenants lease the property on renewed 3-year terms via net leases

- Both leases come with favourable development clauses following the conclusion of the initial term

- Strategically located 1 km* from the Melbourne CBD grid, supported by easy access to public transport and retail amenity

- Positioned in the tightly held Errol Street retail precinct, which services the diverse demographic of North Melbourne through a multitude of national retailers and highly popular hospitality venues

122-124 Errol Street, North Melbourne is offered for sale via Public On-site Auction Wednesday 25th October at 11am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Max Warren
0488 296 892

Sarah Xi
0468 320 297

Rorey James
0439 400 081

In conjunction with Belle Commercial Property

*Approximately

Property Code: 775

AUCTION

Auction date and time25/10/2023 11:00
Auction locationSee description
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold25 Oct 2023
Floor Area235 m²
Land Area280 m²
ParkingAsk Agent
Property ID2018797747
Category
Last updated  25 Oct 2023
Map for 122-124 Errol Street North Melbourne VIC 3051
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold25 Oct 2023
Floor Area235 m²
Land Area280 m²
ParkingAsk Agent
Property ID2018797747
Category
Last updated  25 Oct 2023

Co-Agents

Nic Hage
Stonebridge Property Group VIC
Call
+61 448 782 594
Max Warren
Stonebridge Property Group VIC
Call
+61 488 296 892
Sarah Xi 席子棠
Stonebridge Property Group VIC
Call
+61 468 320 297
Rorey James
Stonebridge Property Group VIC
Call
+61 439 400 081

More about 122-124 Errol Street North Melbourne VIC 3051

122-124 Errol Street North Melbourne VIC 3051 is categorized as Shop & Retail Property. It has a floor area of 235 m² and a land area of 280 m². The listing ID for this property is 2018797747.

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