Positioned on a prominent 2,149sqm (approximately) freehold site in central Newmarket, 15 Kent Street offers a rare chance to secure a prime development property. With Business – Metropolitan Centre zoning, this is an opportunity to transform the site into a landmark mixed-use project.
The existing improvements include the original Cashmore Bros. offices, warehousing, and a public car park generating a gross holding income of $269,000 + GST per annum (approximately). Current tenants include a mix of retail, office, and service providers, ensuring flexibility for future use.
Dual access from Kent Street and Teed Street, along with adjacency to the vibrant boutique laneways precinct and Westfield Newmarket, enhances the site’s appeal for developers looking to capitalise on the area’s ongoing growth. The double grammar zone location adds further value.
The property is for sale by tender, closing 4:00pm, Thursday 13 March 2025 (unless sold prior).
Contact the sole agents for more information.