Teska Carson’s Michael Taylor and Matthew Feld are marketing a city fringe showroom investment or future owner-occupier property at 518 Church Street Cremorne for sale by Auction. 

The 518 Church Street property is prominently located on the corner of Hill Street within a prestigious retail, office and showroom precinct and within walking distance of all of Richmond’s dining and entertainment precincts.

The property is also within close proximity of public transport and major arterial routes, including East Richmond railway station, Swan and Church street trams, Punt Road and the M1 Freeway access.

It comprises a two level, 381 square metre, building featuring an expansive glass wrapped street frontage which leads to two levels of retail/showroom space and back of house amenities.

Access via Hill Street provides parking for two to three cars and a loading bay.

The prominent 250 square metre, Commercial 2 zoned site has more than eight metres frontage to Church Street and 30 metres to Hill Street, providing the property with excellent exposure.

The property will be sold subject to a lease to French & English at $151,838 per annum plus GST and outgoings.

According to marketing agents, Teska Carson’s Michael Taylor and Matthew Feld, the property offers an outstanding investment opportunity with strong growth potential in one of Melbourne’s most popular inner city retail and commercial precincts.

“Dubbed the innovation capital of Melbourne this area is experiencing increasing demand from tenants and developers looking for opportunities situated within, arguably, Melbourne’s best city-fringe precinct.

“Recent strong local and offshore investment and the number of projects underway or in the application process in the area are testament to its high desirability,’’ Mr Taylor said.

Mr Feld said the property benefitted from its prime location as well as exposure to a high level of pedestrian and vehicular traffic and easy access via public transport, roads and parking.

“This is an exceptional location in terms of close proximity to all essential amenities which will continue to attract tenants and drive strong capital growth,’’ he said.

Mr Taylor said the property’s key attributes included:

• Excellent investment/occupier opportunity;
• Building in excellent condition;
•  Church Street corner exposure;
• Strong growth potential;
• On-site parking; and,
• Easy access to transport and the CBD.

The property will be auctioned on Wednesday, October 27 at 1pm. 

To request a copy of the Information Memorandum please contact one of the Teska Carson marketing agents Michael Taylor or Matthew Feld via the contact details below.