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30-32 Holmes Road, Moonee Ponds

Contact for price

Prime Multi-Income Site With Development Plans

Expressions of interest are now sought for this extensive commercial site just 100m from Moonee Ponds Station at the western end of the Puckle Street precinct.

A high-profile opportunity in the coveted Activity Centre Zone, this large 1,076sqm (approx) site boasts dual street frontage with parking for ten cars and comprises five high-quality office/retail/warehouse spaces with a diverse range of uses and strong rental income.

The property also offers the opportunity to take advantage of its high-traffic retail and residential location and utilise approved plans and permits for 33 apartments across four levels and two ground floor retail shops.

Land specifications are as follows (approx):

• Total area – 1,076m2
• Frontage (Holmes Rd) – 18.37m
• Rear laneway boundary – 18.42m
• Side boundaries – 58.52m each

Current lease / income arrangements:

• Retail 1: $33,990 p.a. – two year lease commenced 12 July 2021 (with two further one year options and six-month demolition clause from year two)
• Retail 2: $13,200 p.a. with potential to increase (long-term tenant on month-to-month lease with six-month demolition clause)
• Retail 3: $34,099 p.a. – one year lease commenced 26 November 2021 with three further one year options (six month demolition clause from year two)
• Retail 4 (level 1): Currently vacant (potential rent $115,000 p.a)
• Retail 5 (warehouse): $21,999 p.a. - one year lease commenced 2 July 2021 with three further one-year options (first option now exercised) and six-month demolition clause from year two

In Conjunction with WPRE


Listed by

agent

Joe Zucco

0414 557 895

[email protected]


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