A premium corner freehold investment positioned in the heart of Footscray Mall, one of Melbourne's most established inner-west commercial precincts.

Located on the prominent corner of Nicholson Street and Chambers Street, this substantial two-storey commercial building offers a strong potential of an increased rental income/rental return.

Set on approximately 190m² of land, the property is occupied by 4 commercial tenants, including a bar, pizza shop, barber shop and café, providing a diverse tenancy mix and a combined rental return of approximately $75,000 per annum + GST.

Situated within the Activity Centre Zone (ACZ), the property presents an outstanding opportunity for investors seeking a quality income-producing asset with future development potential (STCA).

Investment Highlights
-Prime corner freehold opportunity within Footscray Mall
-Land area of approximately 190m²
-Two-storey commercial building
-Four (4) established commercial tenancies
-Rental return of approximately $75,000 per annum + GST (significant increase potential)
-Future development potential (STCA)
-Corner position with excellent street presence
-Strong pedestrian exposure within Footscray's vibrant commercial precinct
-Within the retail, hospitality, transport and community amenities precinct.

Offering the ideal combination of land value, secure income and future upside, this property provides an excellent opportunity to acquire a quality commercial asset in an established precinct that will surely enjoy growth in years to come.

*Currently sub-let to 4 tenancies by the head tenant.

For further information or to arrange an inspection, please contact the exclusive selling agent

Disclaimer: All information and illustrations are provided for marketing purposes only and do not constitute any representation by the agent or vendor. While every effort has been made to ensure accuracy, no warranty is given. Interested parties should make their own enquiries and rely on their own due diligence.