31-43 Puckle Street Moonee Ponds VIC 3039

Dawkins Occhiuto are pleased to exclusively present Phillips Arcade, a landmark opportunity in the heart of Moonee Ponds' bustling Puckle Street precinct. This property offers investors and developers the chance to reposition, refurbish, and potentially redevelop a key asset in one of Melbourne's most dynamic suburban retail hubs.

Located at 31-43 Puckle Street, Phillips Arcade represents a significant retail holding with substantial potential for transformation. The property benefits from its strategic position within a thriving commercial area, presenting an opportunity to shape the future of this evolving Melbourne suburb.

Key features include:
+ Prominent Moonee Ponds retail arcade
+ Significant lettable area of 1,202 sqm* over two levels
+ 51%* leased providing immediate holding income
+ Enormous site area of 1,887 sqm*
+ Zoned Activity Centre, allowing for diverse development options (STCA)
+ Previously permit-approved for a 10-storey mixed use development (the permit is now lapsed and mandatory heights have since been reviewed)
+ Prime location in the heart of Puckle Street's retail strip
+ Short walk to public transport and local amenities
*approx.

This property presents a rare opportunity to acquire a substantial retail asset with significant value-add potential through refurbishment and potential redevelopment. Its location in the thriving Puckle Street precinct, combined with its generous site area and flexible zoning, positions Phillips Arcade as a key asset for investors looking to make a mark in Melbourne's suburban retail and development landscape.

This property is offered for sale via Expressions of Interest closing Wednesday 9 October 2024 at 3.00pm (AEDT).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.