Fitzroys will auction on a prominent city fringe property located in Peel Street, North Melbourne on 17th August 2006 at 1:00pm.
Selling agent at Fitzroys, Mark Talbot, said that 188-196 Peel Street, North Melbourne is a unique opportunity to acquire a city fringe property with the flexibility to occupy, invest or develop the site.
He stated that the short term lease to Zagame Automotive Group Pty Ltd will provide purchasers with the opportunity to receive an income of $133,900 per annum net plus GST while they fine tune their future intentions of the site
Talbot added that the combination of the significant land offering of 700 sqm (approx), the dual frontage to Peel and O’Connell Streets of 25 metres and the Mixed Use zoning would certainly attract interest from a number of different buyer groups.
Talbot reported that interest for this outstanding opportunity is expected in the vicinity of $1,500,000 plus.
By Kathryn O’Meara
