282-284 Burnley Street, Richmond VIC 3121

Dual Street Frontage

Land Size: 10.6m x 30.17m approx

Land Area: 319m2 approx

First Time Offered For Sale in Over 60 Years!

Double fronted 128 sqm approx open plan shop with rear access and scope to improve

2 Separate double storey apartment building via Strafford Street (west facing) each comprising: Entry, 1 Bedroom Living, Kitchen, Bathroom, Laundry, Carspace, top floor with balcony views.

Carpark via Strafford Street
Town Planning Permit Approved development t add 2 additional apartments above shop
Ideal for Owner Occupier, Investor or Developer
Zoning: General Residential Zone 4 (GRZ4)
No Heritage overlay
Potential to renovate, redevelop, occupy or invest
Endless opportunities

Tenancy Information

Shop: Vacant
If refurbished circa $40,000 per annum net
Ground Floor Apartment: $12,480.00 per annum (monthly tenancy)
1st Floor Apartment: $12,780.00 per annum (monthly tenancy)

Renovate the 1 Bedroom apartments and increase income to estimated rental Circa $17,000-$18,000 per annum each.