LARGE BRUNSWICK LANDHOLDING WITH INCOME SOLD - 771 & 775-781 Sydney Road, BRUNSWICK

Alex Ham and Michael Gross of Gross Waddell have recently sold the development site located at 771 & 775-781 Sydney Road, Brunswick which sold for $6,410,000 via an Expression of Interest campaign.

Featuring a substantial 3,209m2 of prime inner city land, the properties represented a unique opportunity to acquire a significant Melbourne land holding with an underlying income stream and genuine scope for a high density development opportunity with two street frontages.

771 & 775-781 Sydney Road is within the eclectic and vibrant Brunswick locale approximately 5* kilometres north of Melbourne’s CBD, which is arguably one of Melbourne’s most sought after retail and residential locations. The two separate single storey showrooms plus warehouse facilities with extensive frontages to Sydney Road and Prowse Street are part Commercial 1 Zoned (C1Z) and part Industrial 1 Zoned (IZ1) under the Moreland Planning Scheme.

Alex Ham of Gross Waddell, commented, “the property was purchased by a Melbourne based family who intends to hold the property as an investment. The campaign generated a good level of interest from both developers and investors, given the current development that is currently being completed in the immediate area.”