14-16 SIMLA STREET, MITCHAM
Savills is delighted to offer for sale this prime retail freehold located at 398-400 Johnston Street, Abbotsford, ideally situated within one of Melbourne’s most sought after suburban locations with significant development potential. The property represents a unique opportunity to secure a freehold property in one of Melbourne’s tightly-held city fringe retail precincts. Benefiting from the continued growth this premium freehold opportunity is ideally placed to take advantage of the continued growth of the local population. Key attributes of this outstanding property include:
Prominent landholding of 1,214sq m*
Two street frontages totalling 60 metres*
Combined net income of $188,880 per annum* + Outgoings & GST
Close to Victoria Park Train Station, Johnston Street retail and Victoria Gardens Shopping Centre
Easy access to Eastern Freeway and Hoddle Street and only 2.5km* from Melbourne CBD
Currently zoned Commercial 2 with council proposed re-zone to Commercial 1
Demolition clauses in place
Proven city fringe location with endless options!
This retail freehold ideally suits owner occupiers, investors or forward-thinking developers alike, providing a rare opportunity to secure a boutique city fringe landholding. Accordingly we encourage prospective purchasers to actively consider this exceptional property.
398-400 Johnston Street, Abbotsford is For Immediate Private Sale.