Rosin Smyth & Partners is pleased to offer this prominent corner commercial property located at 162 Elgin Street, Carlton. This two-level building boasts an area of 230 m²* and sits on a prime 125 m²* land parcel with rear lane access. Offering exceptional exposure to both Elgin and Drummond Streets and benefiting from Commercial 1 Zoning, this property represents a significant investment opportunity.
Key Property Features:
- Building Area: Approximately 230 m² across two levels - Land Area: Approximately 125 m² on a prime corner lot - Location: High-profile corner with exceptional street exposure - Zoning: Commercial 1, allowing for versatile business opportunities - Current Lease: RPM Melbourne - Vacant Possession: Can be negotiated if required - Access: Beneficial rear lane access - Proximity: Minutes from Lygon Street's dining and lifestyle precinct, close to Carlton Gardens, and accessible by multiple tram lines - Restaurant Potential: Formerly 'Toofey's Restaurant', this property has the potential to be reinstated
Situated in a vibrant area known for its lifestyle and entertainment options, 162 Elgin Street offers both immediate rental returns and potential for future repositioning. This property is an attractive option for investors seeking to capitalise on Carlton's dynamic market.
* approx
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
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