736 MT ALEXANDER ROAD & 21 HINKINS STREET, MOONEE PONDS

EOI-Closed.jpg
 

Savills and Blount Osborne Walsh are delighted to offer for sale this prime Moonee Ponds investment opportunity perfectly located on the doorstep of the Moonee Ponds Junction, at 736 Mt Alexander Road & 21 Hinkins Street. The property comprises a two level retail and residential building fronting Mt Alexander Road, and a separate three storey apartment block with frontage to Hinkins Street, with the property offering significant development and value-add potential.

The key attributes of this fantastic property include:

  • Prime retail freehold and adjoining apartment block

  • A high profile 766sq m* landholding

  • Dual street frontages to both Mt Alexander Road & Hinkins Street

  • Newly refurbished retail space with prime frontage to Mt Alexander Road and large rear courtyard

  • Fully leased residential component comprising a large three bedroom apartment above the retail, and a separate apartment block of four two bedroom apartments and one three bedroom apartment, plus 10 secure car spaces

  • Fully leased rental of $180,000 per annum*

  • Favourable Activity Centre Zoning

  • Significant future development upside with potential for at least 8 levels (STCA)

  • Outstanding location within the Moonee Ponds Junction, neighbouring the bustling Puckle Street retail and lifestyle precinct

  • Direct access to Mt Alexander Road trams, and within close proximity to Moonee Ponds Train Station

*Approx.

 

CONTACT AGENTS