PORTFOLIO AUCTION: WEDNESDAY 28TH OF OCTOBER AT 12 NOON AT THE OFFICES OF NICHOLS CROWDER.
This iconic high profile, three level office building with huge upside, is positioned in the heart of the Moorabbin commercial precinct and directly opposite one of the highest trading Woolworths Supermarkets in Victoria.
The property, which is positioned on the north estern corner of Taylor Street and Central Ave, is situated only 100 metres from Moorabbin train station and more importantly forms part of the Moorabbin Activity Structure Plan which allows for up to seven (7) levels (STCA).
This amazing Moorabbin freehold opportunity offers the following amazing benefits to purchasers:
* Current passing NET income of $334,915 P.A (approx.)
* Potential NET income of $470,000 P.A (approx building fully let)
* Up to seven (7) levels residential (STCA)
* Activity Centre zoning - land area of 880m² (approx.)
* Huge corner position
* Part owner occupier opportunity
* Create more office and make them 'creative' and 'funky'
* Divide whole building, strata and sell them off to investors
* Consider warehouse apartment concept (STCA)Read more