An eye-catching opportunity at the landmark intersection of North Rd and Koornang Rd, this approx. 1,195sqm of land property is ready to rewrite history. Recognised by its grand red-brick industrial building and prominent shopfront presence, this high-profile site presents exceptional scope for a landmark residential or mixed-use development (STCA) or a strategic landbank opportunity to capitalise on this tightly held location in the future. Can also make for the ultimate personal use property for car storage or flexible business use for an owner occupier.
Approx. 1,195sqm of land holding with wide 16.8m frontage and 2 crossovers
Approx. 1,031sqm internal size
Mixed Use Zone Schedule 3
Landmark early-20th-century red-brick industrial building
Currently configured as 8 individual units
Semi-detached shopfront with side-lane access to 2 rear factoryettes
Additional first-floor office and mezzanine accommodation
4 current tenancies returning approx. $110,000 pa
Potential future billboard income opportunity (STCA)
Exposure to approx. 50,000 vehicles passing daily along North Rd
High-profile position near the corner of North Rd and Koornang Rd
Approx. 2km to Centre Rd Bentleigh shopping precinct
Approx. 2.1km to Carnegie Station
Approx. 3km to Bentleigh Station
Approx. 4.2km to Chadstone Shopping Centre
Approx. 6km to the bay via North Rd
Approx. 6.5km to the iconic bathing boxes at Dendy Street Beach
Approx. 12km to Melbourne CBD
Within the highly regarded McKinnon Primary School Zone
For further information on this course-side property contact Chris Hassall at Buxton Bentleigh on 0412 898 990 or the Buxton Office on 9563 9933. ALL ENQUIRIES MUST INCLUDE A CONTACT NUMBER.
