The JLL Melbourne are pleased to have the exclusive privilege of offering for sale an exceptional freehold opportunity located at 16 Michael Street, Brunswick.
Key details of the opportunity include:
· Renowned hospitality venue and longstanding tenant - ‘Howler Bar’
· Prime central Brunswick landholding of 905sqm*
· Renewed new 5 + 5 year lease
· Current Net Rental of $104,000pa* + GST and Outgoings
· Prominent frontage to Michael Street plus second frontage to rear laneway
· Flexible Mixed Use Zoning
· Allowable development height of at least 25 metres (8 levels*)
· Prime Brunswick location just moments from the popular Sydney Road retail strip boasting a myriad of restaurants, cafes, shops and complementary services and facilities.
· In-demand city-fringe location only 4km from the CBD, easily accessible via trams, major road arterials on Sydney Road and nearby Brunswick and Jewell Train Stations.
· Remarkable investment opportunity offering incredible upside
16 Michael Street, Brunswick is For Sale via On-Site Public Auction on Thursday 12 August 2021 at 12:30pm
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Nick Peden | 0402 011 266
Jesse Radisich | 0402 085 702
Mingxuan Li 李名轩 | 0498 688 998
· Dual fronted 905sqm landholding
· Renewed 5 + 5 year lease
· Longstanding tenant