Morningside magic - buy one, two or three!
• Three contiguous freehold properties for sale together or individually
• 3,450sqm freehold land held in four titles zoned Business - Local Centre
• One building with a long-term lease and two buildings with short-term leases
597 New North Road - A 1,200sqm warehouse/retail building which has been fully upgraded to a boutique brewery, restaurant and distribution centre for Urbanaut Brewing Company, who have an 8-year lease (from 2021) returning $245,000pa + GST. The property sits on a 1,378sqm land holding with two road frontages
599 New North Road - A 461sqm office/warehouse/retail building with 8 car parks, with huge exposure to New North Road. The property sits on an underdeveloped 760sqm landholding.
4 Western Springs Road - A 1,025sqm two-level office/warehouse building with 18 car parks. The property has a short-term lease on the ground level to an established printing company and a vacant office level above. The property sits on 1,312sqm of land in 2 titles
Combined, the properties offer a total of 3,450sqm running between New North Road and Western Springs Road, metres from the Morningside train station and Kingsland Village, providing huge future redevelopment upside.
• 3,450sqm freehold land held in four titles zoned Business - Local Centre
• One building with a long-term lease and two buildings with short-term leases
597 New North Road - A 1,200sqm warehouse/retail building which has been fully upgraded to a boutique brewery, restaurant and distribution centre for Urbanaut Brewing Company, who have an 8-year lease (from 2021) returning $245,000pa + GST. The property sits on a 1,378sqm land holding with two road frontages
599 New North Road - A 461sqm office/warehouse/retail building with 8 car parks, with huge exposure to New North Road. The property sits on an underdeveloped 760sqm landholding.
4 Western Springs Road - A 1,025sqm two-level office/warehouse building with 18 car parks. The property has a short-term lease on the ground level to an established printing company and a vacant office level above. The property sits on 1,312sqm of land in 2 titles
Combined, the properties offer a total of 3,450sqm running between New North Road and Western Springs Road, metres from the Morningside train station and Kingsland Village, providing huge future redevelopment upside.
Key features
Land area breakdown
Combined total of 3,450sqm
Location
Properties running between New North Road and Western Springs Road
Zoning
Zoned Business - Local Centre
Available
Available for sale together or individually
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