20 Holmes Road, Moonee Ponds VIC 3039

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SUPERIOR INVESTMENT WITH SCOPE TO OCCUPY & DEVELOP (STCA)

A distinguished opportunity awaits at this impeccably renovated c1927 double brick Victorian. Offering a seamless blend of timeless charm and modern convenience, this versatile space presents an array of possibilities for both occupancy and investment, with the potential for further residential or commercial development (STCA).

Conveniently located a stone’s throw from Moonee Ponds Station and the vibrant Puckle Street shopping precinct, this property offers an ideal combination of accessibility and foot traffic, appealing to astute investors and occupiers alike.

KEY HIGHLIGHTS:

| Total NSA of 293 sqm *
| Previous endorsed plans for a luxurious third-storey residential extension spanning 244sqm* unlocking CBD views
| Fully renovated from the roof to the stumps
| Fully leased income of $75,500 *
| Four (4) active leases with a pending tenant on the vacant space
| Four (4) car parking spots at the rear with laneway access
| Zoning: ACZ1 – Activity Zone 1

CURRENT LEASE ARRANGEMENTS

| Hairdressing Salon – $27,500 per annum plus GST and outgoings, two-year lease commencing 9/10/23 (with two further two-year options and a 12-month demolition clause)
| Finance Broker – $15,000 per annum plus GST and outgoings, 2-year lease commencing 15/10/23 (with two further two-year options and a 12-month demolition clause)
| Architect – $15,000 per annum plus GST and outgoings, two-year lease commencing 1/7/22 (with two further two-year options and a 12-month demolition clause)
| Councillor – $8,000 per annum plus GST and outgoings, one-year lease commencing 30/1/23 (with two further one-year options and a 12-month demolition clause)
| Hairdressing Salon – $10,000 – Pending lease being executed

This is a prime and rare investment opportunity enabling you to secure a freehold which provides the flexibility to invest and/or occupy along with having scope to develop later down the track.

An inspection is essential to fully appreciate the space, style and location.

The property is offered for sale via Public Expressions of Interest (EOI) closing Monday 25th of March at 12 PM (AEDT).

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

James Matina
0431 283 528

Paul O’Sullivan
0412 410 366

* approx.

Property Highlights
Highlight 1

3RD LEVEL DEVELOPMENT PLANS (STCA)

Highlight 2

FULLY RENOVATED W/ UNLIMITED POTENTIAL

Highlight 3

MULTIPLE STREAMS OF INCOME

Zone

ACZ1 – Activity Zone 1

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James Matina
Industrial/Commercial Sales & Leasing Consultant
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