On behalf of our client, Melbourne Commercial Group is pleased to exclusively offer for sale this substantial landholding site, comprising various development opportunities with income.

The outstanding property boasts a wide frontage of 51.26 metres* on Wallace Avenue and Princes Freeway with a total land area of 4,292sqm*, with the additional benefit of a rental return of $91,113.96 annually plus GST and outgoings. The tenant is a long standing and well established business (B & G Sheds) that specialise in the sale and installation of garages, sheds and carports. The lease is due to expire in June 2023 with one (1) further term of two (2) years.

The property's premium location provides excellent connectivity to the Princes Freeway, Palmers Road and Forsyth Road making travel to all major key points effortless, as well as the added bonus of Williams Landing Train Station only 400 metres* away.

An uninterrupted exposure of 23 million cars that pass by annually along with the protected view lines to the east, the property allows flexibility with various designs and scope to design a unique commercial development. 20 Wallace Avenue will continue to provide strong fundamentals for developers, investors and/or owner occupiers as there is an increasing demand for high-end commercial buildings within the precinct.

If you want that perfect parcel of land to develop or to simply create your new business headquarters look no further, 20 Wallace Avenue is available now!

PROPERTY SUMMARY:

- Industrial zone 3
- Total land area 4,292sqm*
- Street frontage 51.26m*
- Annual income return of $91,113.96* net
- Lease term ends June 2023
- One further term of two (2) years
- Onsite display sheds and sales office
- Located on the prestigious Gate Way Strip
- 320m* To Williams Landing Train Station Pedestrian Overpass


For Further information or to arrange an inspection please contact Robert Cubelic on 0422 411 5...

Price excludes GST

(*Approx)