High Profile Retail/Residential Development

711-717 Mountain Highway Bayswater, VIC 3153

A high profile Commercial 1 zone development site with excellent exposure to Mountain Highway, situated on a corner allotment adjoining a council car park at the rear

This perfectly positioned property comprises 4 allotments and is currently leased to to four individual tenancies providing a great holding income.

Property Features include:

– Retail/Apartment Development
– DDO6 – 5 Storey Built Form
– Land Area: 1252 sqm
– Triple Access to the Site
– Potential for 900sqm Ground Retail and over 45 Apartments (STCA)
– Flexible Commercial 1 Zoning
– Current Rental $73,000 p.a. with a projected Income: $140,000 p.a. approximately as at Sep-16
– Massive Holding Income
– Substantial frontage of 67.0 metres to Mountain Hwy and Valentine St
– Metres from Bayswater Train Station and Mountain High Shopping Centre

For further information please contact the Commercial Team