Stonebridge Property Group is pleased to present for sale 1025-1029 Mount Alexander Road, Essendon.

The key highlights of the opportunity include:

• An expansive 1,014 sqm* freehold site with significant surplus land providing untapped potential to value add through development (STCA)
• 3 separate tenants, a Barber, Psychologist/Wellness and Homewares businesses, provide a diversified annual income
• Zoned: Commercial 1 (C1Z) allowing for intelligent future development options (STCA) including retail, commercial, residential or mixed-use
• Strategically situated in Design & Development Overlay 3 allowing for a future development of five storeys (STCA)
• Valuable ‘triple shop’ frontage (20 m*) to Mount Alexander Road allows scope for further retail activation
• The versatile landholding spans 3 separate shops and enjoys the benefit and convenience of rear access via Leake Street
• Strategically positioned within the strong trading Essendon North Shopping Village which typically boasts some of Melbourne’s lowest retail vacancy
• Located in the affluent suburb of Essendon, which boasts a median house price of $1,765,000 and convenient proximity to Melbourne CBD

*Approximately

1025-1029 Mount Alexander Road, Essendon is offered for sale via Public On-site Auction on Thursday 27th April 2023 at 2:30pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.