This significant development site, located on the border of Melbourne and Carlton is situated on a single title of approximately 708 square metres of land and boasts a frontage to Berkeley Street of approximately 20 metres.

Erected over the entire land is a mostly single level brick warehouse with a saw-tooth roof constructed in the 1950s. The main access is via a roller shutter door in the centre of building facing onto Berkeley Street. There are some first floor offices and amenities located at the front of the building.

The site is zoned Mixed Use, a highly sought after zoning in the City of Melbourne, which allows among other things residential development, subject to council approval.

The building is currently leased as a cafテゥ for $68,400 pa plus GST plus outgoings until 30 June 2013 and the tenant has no further options to renew the lease.

Berkeley Street is situated only minutes from Melbourne University, Melbourne窶冱 Hospital Precinct, City Trams, Royal Parade, Swanston Street and Lygon Street with its vibrant mix of boutique shops, cafes and restaurants.

The property is being offered for sale by public auction on Wednesday 8 June 2011 at 3.00 pm on very generous settlement terms of up to 4 months.

To obtain a copy of our Property Brochure, Information Memorandum, the Sale Documentation or to arrange an inspection, please contact W. B. Simpson & Son on 9328 1213.