Stonebridge Property Group is excited to introduce 52 Morrah Street, Parkville, for sale via Public Auction campaign, if not sold prior.

Key investment attributes:

• AAA+ investment opportunity that has had uninterrupted trade for over 137 years
• Corner freehold investment in arguably one of Melbourne’s most affluent suburbs – Parkville, that on average only 12 real estate transactions occur per year (residential or commercial)
• New 4-year lease to renowned Parkville operator Cafe Piccolina paying $64,890* net per annum
• Clear value-add potential with rear three (3) bedroom townhouse ready to be owner occupied or rented, providing potential additional income of over $40,000 per annum
• Outdoor trading permit for 32 patrons future proofing the property as a hospitality hotspot
• No café competition in the immediate catchment area securing the tenants success
• Exceptional access to local amenity including:
  Hospitals; The Royal Children’s Hospital (450 m*) and The Royal Melbourne Hospital (275 m*)
  Education; University High School (175 m*), Melbourne University (250 m*), Ormond College (200 m*) and Queen’s College (250 m*)
• Immediate linkages to transport including Royal Parade and Flemington Road tram routes (100 m*) and direct access to a substantial bike network
• Large State Government investment in the precinct including Parkville Train Station (due for completion in 2025 and only 250 m* from the subject offering) and $31.4M investment into in the upgrade of The Royal Children’s Hospital (450 m*), which will only further improve the precinct and add value to nearby assets
• Potential fully let income of $104,000* per annum

*Approximately

52 Morrah Street, Parkville is for sale via Public Auction with the date to be confirmed, if not sold prior. 

Should you wish to obtain further information, please contact the exclusive marketing and selling agents.

For a virtual inspection of the property, please click the following link:

https://nosetotail.com.au/dev/52parkville/