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Fitzroys and Sweeney Real Estate are delighted to present this rare opportunity to secure a strategic freehold investment situated in the heart of Altona’s retail and lifestyle centre only metres from Altona Beach, Altona Station and surrounded by a plethora of major retailers, restaurants and cafes.
Key attributes include:

• Leased to highly regarded and long-standing Sweeney Swim School
• Strong return of $170,018* per annum plus GST with fixed 4.5% annual increases
• Substantial 938sqm* land allotment with over 20.1 metre* frontage to Pier Street
• Well-presented single storey building of 615sqm* encompassing swimming pool, squash court, change rooms and reception with the convenience of on-site parking
• Direct proximity to Altona Beach and Altona Train Station
• Strategic location benefiting from Altona’s population boom, surrounded by multi storey apartment buildings and an established neighbourhood precinct
• Attractive mixed-use zone flanking a range of alternative future uses and development outcomes currently supporting 5 levels (STPA)
• Ideal opportunity for land bank investors and developers
• First time offered in 37 years!