Issue 36 | The Property Development Review

Property Listings – VIC

rosin smy

rosin smyth

L

LAND AREA 1290 m

rosin smyth

BUILD AREA 1780 m

B

LAND AREA 1290 m2*

M G Z MIXED USE ZONE & GENERAL RESIDENT ZONE *A BUILD AREA 1780 m2* MIXED USE ZONE & GENERAL RESIDENTIAL ZONE *APPROX

rosin smyth

AUCTION WEDNESDAY 19TH OCTOBER @ 3PM

LAND AREA 1290 m2*

AUCTION WEDNESDAY 19TH OC CONIC FOOTSCRAY BUILDING PRIME CORNER SITE N SMYTH 0411 744 000 rosinsmyth.com MIXED USE ZONE & GENERAL RESIDENTIAL ZONE *APPROX ICONIC FOOTSCRAY BUILDING PRIME CORNER SITE MARTIN SMYTH 0411 744 000 rosinsmyth.com.au This corner landmark property formerly known as “Green’s Building” is a two-storey brick building with a distinctive domed balcony at the splayed corner entry with a clock set in a scrolled timber fascia. Originally built in 1913-14 and modified in the 1920’s. It is set on a large 1,290m2 (approx.) block with expansive street frontage to Geelong Road on one side and Barkly Street on the other with a service lane at the rear. Currently leased out in sections with two cornerstone tenants (Pandu’s Indo-Chinese restaurant with and upstairs function room, and a branch of STONEMART) and another six areas leased or available to be leased on the ground floor area. Features: • 1,290m2 (approx.) prime located land • General Residential Zone - Schedule 1, and a Mixed Use Zone • High profile position • Expansive double street frontage (Barkly St, & Geelong Rd) • Close Proximity to train stations, trams, bus stops, fast food outlets, and restaurants. • Multi rental income streams with massive potential • Suitable for first floor conversion to apartment/studio style rooming houses (STCA) This opportunity is perfect for a strategic mixed-use investment strategy presenting potential for first level internal renovation for residential use (STCA), and ground level renovation upgrading for retail, offices, and restaurants (STCA). *approx. ICONIC FOOTSCRAY PRIME CORNE AUCTION WEDNESDAY 19TH OCTOBER @ 3PM ICONIC FOOTSCRAY BUILDING PRIME CORNER SITE Located in Footscray and Melbourne’s inner west approximately 6km to the CBD, this unique historic building creates an excellent opportunity for a creative mind to renovate and develop the interior space to capitalise on the extensive double street frontage. MARTIN SMYTH 0411 744 000 ICONIC FOOTSCRAY BUILDING PRIME CORNER SITE MARTIN SMYTH 0411 744 000 rosinsmyth.com.au BUILD AREA 1780 m2* AUCTION WEDNESDAY 19TH OCTOBER @ 3PM

78 – September / October 2022

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