A PROPERTY TO ANSWER YOUR PRAYERS.

Sale Details

Sold on 10 Aug 2022 for $3,600,000

Description

POINT OF INTEREST:

Method of sale: Expression of Interest closing Wednesday 27th July 3pm

A completely unique offering means only a fleeting chance to secure this significant land holding in Melbourne’s tightly held northern suburb of Thornbury. The land spans over 1,780 sqm* and includes two main church buildings, both heritage listed and ideal for a considered conversion for its next life. There’s also a residential property as part of the package. Four-bedroom, one-bathroom, and three-car in good condition and currently leased for $43,940 per annum — with potential for the home to be subdivided or completely redeveloped to accompany the rest of the lot.

Analysing the site structure, shape, and the neighbourhood zoning — investors will quickly see the opportunity for the development of childcare or medical facilities here, or even further residential builds in an area where house prices continue to soar. The vast 51m* frontage to Rossmoyne Street provides clear exposure to those turning off bustling High Street. This closeness and connection to the main road also means simple access to what makes Thornbury one of Melbourne’s most popular suburbs between the ages of 20 – 45. The 86 tram stop is 180 m* away and will get you into the CBD in 40 minutes, while Thornbury railway station is only 500 m* away and can get you there quicker still. Northcote Plaza, supermarket giants, and Welcome to Thornbury are all within your orbit here — making this property the prize of the north.

- 1,780 sqm* land area.
- 871 sqm* total building area.
- Two heritage churches and one residential building.
- The residence is currently leased for $43,940 per annum.
- General residential 2 zoning with heritage overlay.
- 250 sqm* church 1.
- 335 sqm* church 2.
- 51 m* frontage to Rossmoyne Street.
- Suits residential development, place of worship, place of assembly, childcare (STCA).
- Opportunity to subdivide, build or sell the separate residential property.
- Four (4) titles included.
- 500 m* from Thornbury railway station.
- 7 km* from Melbourne CBD.

POINT OF VIEW:
Residents move to Thornbury for the schools, the places of worship, and the idyllic house types. Here, there’s over 1,780 sqm* of land and 871 sqm* of building to strategically supply what’s in demand — and even what they didn’t know they needed.

*Approx.
Pricing excludes GST