154 & 154a Main Street, Croydon

$2,800,000 - $3,000,000

Off-Market

Premium Freehold Offering in High Visibility Location

PhilipWebb Real Estate is delighted to offer two freehold retail shop fronts in the heart of Main Street, Croydon. Ideally situated in a high-traffic, sought-after location in a premium retail and lifestyle strip.

Key features:
*Prime investment opportunity in an extremely well sought-after location in the heart of Croydon
*2 magnificent freehold opportunities sold at once – both are on individual titles
*Total combined land size of 741sqm (approx.)
*1st freehold with long-term lease currently returning $83,000 P.A (incl. GST). 154A Main St – 325sqm (approx.) of retail space & 374sqm (approx.) land. $1,500,000 - $1,650,000
*2nd freehold with short-term lease currently returning $82,992 P.A (incl. GST).154 Main St – 325sqm (approx.) of retail space & 367sqm (approx.) land. $1,460,000 - $1,600,00
*2 allocated car spaces for each freehold
*Individual rear access for both properties with great storage & bathroom facilities
*Zoning - Commercial 1
*Design and Development Overlay – Schedule 10 allowing development up to four stories (STCA)
*Great return with an estimated 5%– 5.5% (approx.) on investment with huge capital growth on offer
*Potential for two levels of commercial/retail and two levels of residential dwellings above it (STCA)
*Walking distance to Croydon Station and ideally situated in a prime position for Main Street foot traffic
*Close to Croydon Central Shopping Centre & Cinemas, Aquahub, sports facilities, Swinburne University & parks
*Exceptional opportunity for developers, owner-occupiers or astute investors!

***PhilipWebb Real Estate Coronavirus Update***

The health of our valued clients and staff is our highest priority. Please note the following changes to our open for inspection processes:

• Open for inspections are now permitted
• The maximum number of people that may attend is subject to density quotient: one person per two sqm rule applies
• Maximum number of people includes all individuals present i.e. owners, residents and PhilipWebb staff. Infants under one year of age are not included
• Your contact details must be provided to PhilipWebb staff
• Please maintain safe social distancing of 1.5m from anyone in attendance
• Avoid touching surfaces including fittings and fixtures within the property
• Hand sanitiser is provided

We kindly ask that you refrain from attending an inspection if you:

• Are experiencing flu-like symptoms
• Have tested positive to, or have recently been in contact with someone diagnosed with Coronavirus
• Have recently travelled overseas or have been in direct contact with someone who has

Explore

View the map below to show distance and commute time from the property to nearby schools, childcare centres, public transport stops, medical centres and
many more points of interest.