PRIME DEVELOPMENT CORNER BLOCK OPPORTUNITY IN YARRA JUNCTION Mixed Use Zone (MUZ) Landholding

Situated in the heart of Yarra Junction along the bustling Warburton Highway Tourist Road, this expansive over ¾-acre* parcel of land presents a unique opportunity for visionary development. Zoned for Mixed Use (MUZ), the property offers diverse possibilities for residential, commercial, industrial, and mixed-use projects. Comprising three titles, the site boasts three prominent street frontages and includes an established medical suite with an external bungalow, a private residence with an additional retail outlet, and a vacant block with rear access-ensuring exceptional versatility. Ideal for developers seeking immediate leasing opportunities while planning future stages, this rare offering is poised for transformative projects within the thriving Yarra Junction community.

BOTTLE SHOP & PRIVATE RESIDENCE – 1741sqm
• Prime establishment featuring drive-through access and car parking.
• Extensive cool room spanning an entire wall.
• Generously sized shed offering ample storage solutions.
• Existing lease agreement for a further 2.5 years, ensuring a steady rental income of $7,183.69pcm including GST + outgoings.
• The current tenant is seeking an additional 5-year lease extension.
• Convenient access from Warburton Highway and Hoddle Street.

Private Residence:
• Shared driveway and title with the bottle shop.
• Weatherboard home with four bedrooms in need of extensive repair.
• Currently leased with access from Hoddle Street.
• Rental income $1,170pcm (month to month lease)

MEDICAL SUITE – 789sqm
• HardiPlank building with ramp access for ease of entry.
• Welcoming open reception area.
• Four well-designed treatment rooms.
• Kitchen/lunchroom, a laundry with a bathroom that has direct backyard
access, plus a separate toilet.
• Potential for conversion into a private residence.
• Detached bungalow featuring storage and bathroom facilities.
• Access from Hoddle Street.
• Currently leased with rental income $2,860pcm including GST + outgoings

VACANT LAND – 805sqm
• Vacant land of 805sqm, aligning with the boundaries of the residential
home and bottle shop.
• Accessible from Yarra Street.
• An ideal lot for combined purchase with the chiropractic property for future
residential development.

This exceptional offering presents significant potential for a variety of commercial or residential uses, making it one-of-a-kind and one of the last versatile, valuable corner block properties available in Yarra Junction with Warburton Highway Tourist Road frontage. Contact us today to explore this unique opportunity! 5967 1800.

*(3335sqm approx.)

FURTHER CONTACT
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Property ID: 1333928

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