Potential Plus In Prized Location

• Highly versatile freehold located in the heart of one of Melbourne’s most tightly held precincts
• Impressive 2 storey building of 425sqm* comprising ground floor restaurant, first floor dwelling, cellar plus separate warehouse area
• “L” shaped site of 245sqm
• Rare dual street frontage to St Georges Rd and Austin Way
• 3 year lease to “Panna Thai” restaurant
• Returning $64,233 per annum plus GST
• Genuine value add / further development opportunity (stca)
• Positioned within the prime trading section of the popular Fitzroy North Village near the corner of Scotchmer Street
• Dynamic and highly sought after retail and hospitality precinct only 4km* north of the CBD
• Directly opposite local institution, Piedimonte's Supermarket
• Metres from public transport amenities and the spectacular Edinburgh Gardens
• The Immediate area is set to benefit further from the redevelopment of the Piedimonte site, which will include a full line 4,099sqm* supermarket and over 60 apartments

*approx.