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WP Real Estate - Essendon

30-32 Holmes Road Moonee Ponds, VIC 3039

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30-32 Holmes Road,
Moonee Ponds, VIC 3039

Development Sites & Land • Offices • Shops & Retail

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WP Real Estate - Essendon
Adam Farrugia

WP Real Estate - Essendon

Corner of Margaret & Aspen Street
MOONEE PONDS, VIC 3039
WP Real Estate - Essendon
30-32 Holmes Road
Moonee Ponds, VIC 3039

Detailed listing

Map of 30-32 Holmes Road

Directions

Prime Multi-Income Site With Development Plans

Expressions of interest are now sought for this extensive commercial site just 100m from Moonee Ponds Station at the western end of the Puckle Street precinct.

A high-profile opportunity in the coveted Activity Centre Zone, this large 1,076sqm (approx) site boasts dual street frontage with parking for eight cars and comprises five high-quality office/retail/warehouse spaces with a diverse range of uses and strong rental income.

The property also offers the opportunity to take advantage of its high-traffic retail and residential location and utilise approved plans and permits for 33 apartments across four levels and two ground floor retail shops.

Land specifications are as follows (approx):

• Total area – 1,076m2
• Frontage (Holmes Rd) – 18.37m
• Rear laneway boundary – 18.42m
• Side boundaries – 58.52m each

Current lease / income arrangements:

• Retail 1: $33,990 p.a. – two year lease commenced 12 July 2021 (with two further one year options and six-month demolition clause from year two)
• Retail 2: $13,200 p.a. with potential to increase (long-term tenant on month-to-month lease with six-month demolition clause)
• Retail 3: $34,099 p.a. – one year lease commenced 26 November 2021 with three further one year options (six month demolition clause from year two)
• Retail 4 (level 1): Currently vacant (potential rent $115,000 p.a)
• Retail 5 (warehouse): $21,999 p.a. - one year lease commenced 2 July 2021 with three further one-year options (first option now exercised) and six-month demolition clause from year two


In Conjunction with WPRE

Property ID: 504036719Last Updated: 23 Jun 2022

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Corner of Margaret & Aspen Street
MOONEE PONDS, VIC 3039
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