158-160 Churchill Avenue

Braybrook VIC 3019

265 m²

372 m²

House

Currently for sale - view listing

Overview

OPPORTUNITY TO DEVELOP RESIDENCES ATTACHED TO COMMERCIAL PREMISES (STCA)

Located in the bustling Braybrook Shopping Centre on Churchill Avenue, this is a fantastic opportunity to secure a property with the scope to develop (STCA) one or two apartment style residences behind the current retail building with access from the rear lane/street. Positioned on a busy street in a high-density residential area, this property enjoys significant foot and traffic exposure and has a quality, long-term tenant in place for the current building. The current building, comprising approximately 265m², sits on a generous land allotment of approximately 372m². The premises are currently leased for $4,799.37 per month (inclusive of GST), with the tenant responsible for outgoings. The current lease term runs until March 2026, with options for two additional 5-year terms. Key Features: • Commercial 1 Zone (C1Z) • Current Building Area: 265m² (approx.) • Land Area: 372m² (approx.) • Quality long-term tenant in place • Current Lease Expiry: March 2026 with options for two 5-year terms • Opportunity to build one or two apartment style residences at the rear (subject to council approval) This property is highly recommended for investors seeking a stable income stream and capital growth in a prime location. For more details or to arrange an inspection, please contact Brenda Ngan on 0435 152 545 or Howard Feilding on 0449 654 958.