Miglic Dean are delighted to offer for Immediate Private Sale this boutique inner-city corner warehouse site complete with Planning Permit for future redevelopment, but also with a very good, strong short-term passive income stream, to suit owner-occupiers, investors and deveopers alike.

Strategically positioned on the corner of Napier and Chapel Streets, this prominent corner land holding has two (2) street frontages and an enviable south-facing and west-facing perspective. The tenancy enjoys a strong passive income with only short tenure remaining (~1.5 years) and no further terms available to the tenant.

Key features include:
> 30.4m frontage to Napier Street
> 9.2m frontage to Chapel Street
> Proiminent corner landholding
> Zoning: Commercial 1
> BUILDING AREA: 264m2*
> LAND: 264m2*

This amazing corner land holding offers an increasing rare opportunity to secure a city fringe warehouse which boasts great development potential, but also offers a safe, sound and strategic investment alternative for any passive investors and SMSFs.

Contact MIGLIC DEAN, exclusive selling agents, for more information on this rare opportunity to purchase a commanding corner site in the heart of Fitzroy, and capitalise on a healthy rental yield.

Richard Miglic
0418 556 9...
richard@miglicdean.com.au