Castran is privileged to offer 38 Berry Street and 40 Berry Street, Clifton Hill, for sale via Public Auction.
This is the first time this total holding has been offered to the market in over 38 years, highlighting the enduring and exclusive nature of this retail investment and enclave of Clifton Hill.
New leases have just been entered into with both of the existing well-established
tenants, including 'Hair Star Studio', which has been operating successfully from 40
Berry Street for over 30 years.
The property generates a combined total approx. income of $52,800 per annum plus
GST from both tenancies, providing a stable and consistent revenue stream.
Two separate leases are in place with two highly regarded tenants, all under one title,
offering a secure investment opportunity.
The property offers significant flexibility and future potential, with the opportunity to
add value (STCA) due to its generous frontage to Berry Street and rear road access, providing dual street frontage.
The location benefits from excellent accessibility, being less than 200 metres from
Clifton Hill train station, providing outstanding connections to Melbourne's CBD and
the inner northern suburbs.
Situated in a tightly held pocket of Clifton Hill, a suburb known for fostering key
businesses that serve the local community, this property offers a rare opportunity in a
sought-after location.
The total landholding spans approx. 266m², with a substantial frontage to Berry
Street of approx. 10.35m, enhancing its development potential.
38 & 40 Berry Street are to be sold as one via Public Auction held on-site at 12 pm AEST on Thursday 3rd October.
For further information, please contact one of our exclusive selling agents.
