A rich and diverse history of traders have occupied this 2 storey building and basement. It's still bristling with potential to capitalise as Bridge Road inevitably rises like a Phoenix from the ashes.
Offered for sale for the first time in 45 years with vacant possession, this property with a building area of 121sq m approx. and land area of 178sq m approx. (4.5m width x 39.5m depth approx) may suit a variety of different uses and appeal to owner occupiers, investors or developers alike.
Located 100m approx. from the intersection of Punt Road on the southern side of Bridge Road, the property consists of a split level retail shop front of 45 sq m approx, a three room first floor with toilet and shower amenities and a basement that exits to a courtyard and excess land that is currently used to park up to 3 cars in a tandem configuration. Rear ROW access is provided from Sherwood Street.
Property values in surrounding retail and commercial precincts continue to exceed market expectations. Undoubtedly a collaborative approach from policy makers, urban planners, developers and landlords can reinstate Bridge Road into to the fabric of Melbourne's highly desirable and valuable retail and commercial strips.
Terms of Sale:
10% Deposit. Balance payable in 60 days.