Raine & Horne Land Victoria is excited to offer 426 m² approx. of mixed used commercial development site up for sale in the heart of Melton with approved plans & permits for an office, pizza restaurant, three residential apartments, and a childcare facility across 3 levels located within Scott Street Shopping Precinct. This approved plan and permits are highly unique and probably the only one in Melton as you have the exposure of retail shops, residential apartments & kindergarten exposure under one roof. This is your opportunity to create commercial rental income portfolio with great capital growth prospect in future as this location is in the heart of Melton, only minutes to Wood grove Shopping Centre, schools, parks, and public transport make this opportunity so special.
The proposed ground floor features two offices with common staff amenities, a reception area, and a pizza restaurant. The proposed residential apartments on the upper levels feature 2-3 bedrooms, kitchen, bathroom, laundry, family area, meals area, study, balcony, and a common lift with basement parking and a childcare facility across 3 levels. The site represents a rare opportunity to capitalise on the emerging medium density market in close proximity to the amenities, excellent shopping options and recreational open spaces.
Buying options:
Option A: 17 & 17A Scott Street, Melton - Asking Price: $1.4 Million
Option B: 17 Scott Street, Melton - 201 m² approx Corner Shop, Asking Price: $750,000
Option C: 17A Scott Street, Melton - 217 m² approx, Asking Price: $750,000
Property Features:
• Corner block opportunity overlooking children park
• 426 m² approx. in Commercial 1 Zone
• The shopping strip includes food, medical and retail businesses
• Currently 2 shops with potential return up to $80,000+GST+Ougoings per annum or $40,000+GST each for 17 & 17 a after subdivision approval which will be done before settlement if sold with subdivision approval condition
• Short drive to Melton Central Shopping Centre and the Woodgrove Shopping Centre
• Short drive to Melton Primary School and Melton Secondary College
• 5 minutes to Melton Railway Station and Eynesbury town Centre
• 35 minutes to Melbourne International airport
• 50 minutes to Melbourne CBD
Call Kevin Paghdar on +61 426 510 510 Or Rizul Sharma on +61 480 108 022 today for further enquiries and to arrange a private inspection.
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please note: Images are for illustration purposes only and may not reflect the actual product or property.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
