480 Sydney Road,
Brunswick
Inspections
Sold On
Monday, 28 April
Contact Agent
Sold On
Monday, 28 April
Statement of Information
Not Available
Property Location
View In Maps
$1,400,000
0
0
0
Sqm
Retail (Commercial)
Remarkable Victorian Freehold in Vibrant Inner-North
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• Significant Victorian freehold with rear access and parking
• Dependable, long-term lease to a thriving retail business
• Substantial foot traffic among one of inner-Melbourne's most iconic strips
Infinitely commanding and placed among one of Melbourne's most iconic lifestyle strips, this charismatic, Gothic-style Victorian provides a rare opportunity to secure a timeless piece of inner-northern history. Well-maintained and versatile, an exceptionally spacious interior spans three superb storeys, currently rented to a flourishing retail business with lease details including:
• Five-year term (from March 1, 2022) with base rent at $48,000 pa. ($4000 pcm.)
• Annual rent increases at 3% (from March 1, 2024)
• One option for a further, five-year term
Smartly functional, sitting rooms accompany a substantial shopfront, while two above storeys comprise a bathroom, kitchen, and six substantial bedrooms. With wide rear access and secure carport parking for two plus parking for an additional 2 cars, possibilities exist to repurpose the entire freehold and utilise as a remarkable business base, or separate shopfront and residential spaces for multiple passive incomes.
