Retail mixed-used building in Melbourne's Brunswick East for sale: Savills

Retail mixed-used building in Melbourne's Brunswick East for sale: Savills
Retail mixed-used building in Melbourne's Brunswick East for sale: Savills

A corner retail freehold building with an approved permit for a boutique, mixed-use project in Melbourne’s Brunswick East has been listed for private sale.

The 70 Lygon Street property has a building area of 258 sqm and comprises ground level retail and a four-bedroom apartment.

It has a monthly tenancy providing flexibility, according to Savills agents Jesse Radisich, Clinton Baxter and Benson Zhou of Savills.

The land area is 229 sqm.

Zoned Commercial 1, the site has a permit in place for a boutique, luxury project comprising retail, townhouses and an apartment.

Retail mixed-used building in Melbourne's Brunswick East for sale: Savills

The engineering drawings are complete, so construction can start immediately.

The property is well located within a retail strip and has good transport connections..

It sold for $1,697,000 in 2010, and in 2014 at $1,825,000, and then was again advertised for sale in 2016, according to CoreLogic RP Data.

Tags: 
Savills Retail Auction

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