Versatile Brunswick commercial building leased by Burger Buzz for sale

Versatile Brunswick commercial building leased by Burger Buzz for sale
Versatile Brunswick commercial building leased by Burger Buzz for sale

A commercial freehold property in Melbourne's inner northern fringe suburb of Brunswick has been listed for sale.

The Sydney Road property opposite Woolworths and BWS is a two level, brick building with ground floor bar, dining area, kitchen and a large function room upstairs.

There's a beer garden on the 625 sqm site zoned Commercial 1, as well as onsite parking via Saxon Street at the rear. There's nine metre frontage to Sydney Road.

According to Teska Carson marketing agents George and Larry Takis, the property will be sold with a lease to Burger Buzz at $99,354 (gross) per annum + GST on a monthly basis.

George Takis said the property offered options to a range of buyers including developers, owner-occupiers and investors and benefitted significantly from its prime city fringe location.

"Brunswick is one of Melbourne’s most popular inner suburbs with its close proximity to the CBD, and its retail and lifestyle attributes driving substantial commercial and residential development over recent years," Takis said.

"Lifestyle amenity includes Princess Park and Royal Park while Barkly Square Shopping Centre with national retailers including Coles, Woolworths, Kmart, McDonalds and JB Hi-Fi, takes centre stage amongst a vast array of fashion boutiques, cafes, bars and restaurants.

"It is also very well served by all forms of public transport including trains, trams, and buses."

Larry Takis said the sale offered an outstanding opportunity for astute purchasers to gain a foothold in such a prime location with potential development upside (STCA).

"Given its close proximity to the CBD, transport, shopping and lifestyle facilities, this property presents a fantastic opportunity in a location that continues to attract a wide range of buyers.

"The property offers exceptional growth potential and development upside (STCA) right on the edge of Australia’s fastest growing capital city,’’ he said.

He said the property’s key attributes included:

- Solid, two level building;
- Substantial land holding of 626sqm;
- On-site parking;
- Dual street access;
- Prime city fringe location;
- Potential development upside (STCA); and,
- Monthly income stream.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Brunswick Commercial Property

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