Burgess Rawson is pleased to offer to the market, Estonian House, 43 Melville Road, Brunswick West VIC for sale via Expressions of Interest as part of National Investment Portfolio 171.
The property has the following key highlights:
+ Located in the heart of Brunswick West, originally built in 1928 as the Western Theatre, the property later became known as the Estonian House, serving as a vibrant cultural hub for the local Estonian community since the 1970's.
+ The 1,238 sqm* building includes theatre, stage, greenroom, commercial kitchen, bar, under stage "club house", viewing balcony, first floor function room and third floor boardroom/office space with 2 further retail stores fronting Melville Road and one (1) bedroom residence.
+ Commanding 1,042 sqm* freehold landholding across three titles.
+ Commercial 1 Zoning (C1Z) offers significant flexibility for future use, making it suitable for a wide range of commercial, community, and cultural purposes (STA).
+ Prominent 25-metre* frontage to the busy Melville Road, seeing over 18,700 vehicles passing daily, accessibility via Citylink Freeway to Melbourne Airport, Melbourne CBD and the Western suburbs.
+ The combination of a rich heritage, flexible zoning, and a substantial landholding presents an exceptional opportunity for place of worship, place of assembly, creative arts and entertainment (STA).
+ Brunswick West: Booming inner north suburb located 6km* north of the Melbourne CBD with a median price of $1,300,000.
+ Merri-bek City Council: Thriving inner north-western LGA, currently generates $14.9 billion in annual economic output with over 51,064 jobs in the area supporting 16,063 local businesses.
+ To be sold with vacant possession.
To be sold via Expressions of Interest
Closing Wednesday 2 October 2024
3pm AEST
To receive a copy of the information memorandum and discuss this opportunity further, please reach out to the Burgess Rawson agents below:
MATTHEW WRIGHT
0458 290 588
mwright@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
MARK FOSTER
0475 454 431
mfoster@burgessrawson.com.au
