Expressions of Interest

286A Epping Road corner of Pine Park Drive
WOLLERT, VIC 3750

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Property Description

Superb Land Rich Restaurant and Function Venue Investment

Fitzroys is delighted to offer this modern, high quality licensed restaurant and function venue.

Key features include:

  • 5 x 5 x 5 year lease to a quality tenant
  • Returning $107,120 per annum plus usual outgoings and GST (as at 17/11/2019)
  • Significant land parcel of 5,304sqm* on a corner allotment with excellent access and connectivity
  • Three street frontages totalling 206* meters to Epping Road, Pine Park Drive and Steadman Way
  • Includes 36 car parks on title
  • Over $1 million has been spent on building refurbishment and fitout
  • Excellent value add opportunity providing scope to develop, lease, licence or occupy other buildings or areas of the land (stpa)
  • Positioned at the gateway to the highly popular and recently sold out “Eucalypt” residential estate-
  • Outstanding access to education, future retail amenity, amazing recreational facilities and much more
  • Surrounded by rapidly expanding residential catchment in one of Victoria’s fastest growing regions underpinned by strong prospects for future capital appreciation and rental growth
  • Contained within the Epping North East structure plan
  • Bordering the VPA approved Wollert precinct structure plan which will accommodate 15,000* new dwellings for 42,000* plus people
  • Rare opportunity in high growth location

*Approx.

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 4TH DECEMBER AT 3PM

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Consultant

Ervin Niyaz

M: 0404 808 327
E: niyaze@fitzroys.com.au

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

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Property Information

Property ID
123619

Price
Contact Agent

Building
625.00m2

DocumentType
Brochure Pdf