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Brunswick industrial: occupy, invest, develop

Property Markets / Planning, Zoning, Infrastructure

Australia

Mar 16 2017

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March 17, Melbourne – Teska Carson (9421 7000) is marketing a versatile office/warehouse property at Brunswick in Melbourne’s inner north. The property will be auctioned on Friday, March 24 at 1pm on site and is expected to fetch more than $1.3 million. 

The 57-59 Weston Street property is located on the northern side of Weston Street, between Charles and Ewing streets, directly opposite Barkly Square Shopping Centre and its 650 car spaces, and within walking distance of the heart of Sydney Road’s retail shopping precinct.

It comprises a solid, single level, 425 square metre brick warehouse including a ground floor, open plan workshop and mezzanine/ground level office, on a 500 square metre site zoned Industrial 3, with on-site parking and 12 metres frontage to Weston Street.

According to marketing agents, Teska Carson Director, George Takis and Senior Executive, Tom Maule, the property will be sold with vacant possession. 

Mr Takis said the property 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.

"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 (Jewell Station), trams along Sydney Road, and buses along Weston Street," Mr Takis said.

Mr Maule said the sale offered an outstanding opportunity for occupiers, investors and developers to get a foothold in such a prime location with development upside.

"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 is very well presented and offers exceptional growth potential and development upside right on the edge of Australia’s fastest growing capital city," Mr Maule said.

He said the property’s key attributes included:

•Well-presented building of 425sqm;

•Substantial land holding of 500sqm;

•Roller door access;

•On-site parking; 

•Development upside (STCA);

•Vacant possession.

 

About Teska Carson

Teska Carson, since its establishment in 1990, has consolidated itself as Melbourne’s most progressive and active estate agency, specialising in the field of prime commercial property. Teska Carson recently merged with Kliger Wood to form the largest privately owned commercial agency in Melbourne with a combined 100 years of service to the property industry.bvgbvquisition has enabled Teska Carson to build on and enhance its reputation as a leader in its field offering the most comprehensive range of commercial property management and agency services with a database second to none. Teska Carson will continue its successful strategy of focusing on personal service and exceeding expectations in delivering outstanding results for our clients.

SOURCE: Press Release

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