278 & 280 Burnley Street,
Richmond, VIC 3121

RENOVATE OR DEVELOP

Auction scheduled for the Thursday 28th September at 12 noon, on-site.

- Two (2) commercial/residential properties on separate titles to be sold as one
- Excellent plot of land for residential development offering two (2) street frontages and good height limits under the General Residential Zoning
- Land area of 295sqm with large car park to the rear
- Two ground floor commercial tenancies of approx. 86sqm each both with rear roller door access
- Two huge 2-bedroom apartments of approx 103sqm each plus balcony
- Building area of 382sqm
- Monthly tenancies with passing income of $39,200 pa net
- Fully leased income estimated at $95,800 pa net.
- Exceptional opportunity for the investor to renovate and add value and offer back to the rental market or possibly sell separately
- Flexible occupancy options with vacant possession in part of the premises that may suit owner occupiers
- Exceptional inner city location with vast collection of restaurants, pubs, cafes and retails outlets close by
- Located close to several tram lines and a few hundred meters walk to Burnley Train Station

Don’t let this opportunity pass you by. Contact us today.