Property listing ID: 4076805
Positioned prominently on the corner of Melrose and Roxburgh Streets, 3B Melrose Street offers a rare opportunity to secure a substantial Freehold unit of 687m² in the heart of Newmarket. This versatile property is split into two distinct tenancies: • The front unit of 199m² is currently leased to a well-established pilates studio, generating a net annual income of $61,285 and includes three dedicated car parks • The rear unit of 488m², which includes a generous 66m² deck, is vacant and ready for occupation, featuring eight on-site car parks – ideal for owner-occupiers or additional rental income Constructed from concrete, the building boasts a Grade A seismic rating (100% NBS), offering peace of mind and long-term value. With only four Freehold units in this tightly held complex and a strategic Business – Metropolitan Centre zoning, this is a high-profile corner site with strong future potential. Located in a thriving central hub, the property enjoys proximity to key amenities including Newmarket train station, Westfield Shopping Centre, cafés, and major arterial routes. Opportunities like this – combining income, upside, and location – are rare in Newmarket. Contact us today to learn more or arrange a viewing.
Listed by Barfoot & Thompson , Reese Barragar (City Commercial)