52 Morrah Street

Parkville VIC 3052

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Sold on 27 Sep 2021

52 Morrah Street Parkville VIC 3052

Shop & Retail
191 m²
Sold

Rare Corner Freehold with 137 Years of Uninterrupted Trade

137 Years of Retail Occupancy and Trade
Parkville’s Best Corner (Frontage 38 m*)
New 4-Year Lease + Fixed Increases

Stonebridge Property Group is excited to introduce 52 Morrah Street, Parkville, for sale via Public Auction campaign, if not sold prior.

Key investment attributes:

- AAA+ investment opportunity that has had uninterrupted trade for over 137 years

- Corner freehold investment in arguably one of Melbourne's most affluent suburbs Parkville, that on average only 12 real estate transactions occur per year (residential or commercial)

- New 4-year lease to renowned Parkville operator Cafe Piccolina paying $64,890* net per annum

- Clear value-add potential with rear three (3) bedroom townhouse ready to be owner occupied or rented, providing potential additional income of over $40,000 per annum

- Outdoor trading permit for 32 patrons future proofing the property as a hospitality hotspot

- No café competition in the immediate catchment area securing the tenants success

- Exceptional access to local amenity including: Hospitals; The Royal Children's Hospital (450 m*) and The Royal Melbourne Hospital (275 m*), Education; University High School (175 m*), Melbourne University (250 m*), Ormond College (200 m*) and Queen's College (250 m*)

- Immediate linkages to transport including Royal Parade and Flemington Road tram routes (100 m*) and direct access to a substantial bike network

- Large State Government investment in the precinct including Parkville Train Station (due for completion in 2025 and only 250 m* from the subject offering) and $31.4M investment into in the upgrade of The Royal Children's Hospital (450 m*), which will only further improve the precinct and add value to nearby assets

- Potential fully let income of $104,000* per annum

*Approximately

52 Morrah Street, Parkville is for sale via Public Auction with the date to be confirmed, if not sold prior. Should you wish to obtain further information, please contact the exclusive marketing and selling agents Stonebridge Property Group

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Nic Hage
0448 782 594

Property Code: 298

Stonebridge Property Group VIC

Level 19, 627 Chapel Street

South Yarra, VIC 3141

Property Highlights

Date Sold	27 Sep 2021
Floor Area	191 m²
Land Area	171 m²
Parking	Ask Agent
Property ID	2017247667
Category	Shop & Retail Development / Land Other
Last updated	4 Oct 2021

Map for 52 Morrah Street Parkville VIC 3052

Nearest transport* to 52 Morrah Street Parkville VIC 3052

Bus

Train

Tram

Ferry

Morrah St/Royal Pde (Parkville)	195 m
Trinity College/Royal Pde (Parkville)	230 m
Royal Melbourne Hospital/Royal Pde (Parkville)	319 m
Melbourne University/Royal Pde (Parkville)	396 m

*Within a 4km radius

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Stonebridge Property Group VIC

Level 19, 627 Chapel Street

South Yarra, VIC 3141

Property Highlights

Date Sold	27 Sep 2021
Floor Area	191 m²
Land Area	171 m²
Parking	Ask Agent
Property ID	2017247667
Category	Shop & Retail Development / Land Other
Last updated	4 Oct 2021

Co-Agents

Max Warren

Stonebridge Property Group VIC

Call

+61 488 296 892

Dylan Kilner

Stonebridge Property Group VIC

Call

+61 459 396 341

Nic Hage

Stonebridge Property Group VIC

Call

+61 448 782 594

More about 52 Morrah Street Parkville VIC 3052

52 Morrah Street Parkville VIC 3052 is categorized as Shop & Retail Property. It has a floor area of 191 m² and a land area of 171 m². The listing ID for this property is 2017247667.