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Fantastic opportunity get into City of Belmont Belvidere Main street redevelopment!
Currently the property leased out as retail shop/office, have a rental yield of 5.5% per annum. It is a brilliant opportunity for investors and residents get into the area to take advantage of the city plan.
The vision for the Belvidere Main Street Precinct (BMSP)
has been developed in collaboration with the community and
local landowners/business owners to ensure that it achieves
a balance between the aspirations of both, as well as those of
the City. The City has the following Strategic Vision
for the future of itself as a thriving community:
“A precinct which is prosperous, liveable and an inclusive
community within an attractive main street setting.
The Belmont Main Street Precinct will be characterised as
a mixed use, high quality, vibrant neighbourhood centre that
capitalises on and provides a sustainable extension of the
The vision has a suite of principles that, working together,
promote essential qualities for achieving a healthy and
vital neighbourhood centre within the Belmont Main Street
The quality of the public realm within BMSP will be a key
determinant in creating a vibrant, pedestrian friendly, safe and
attractive neighbourhood centre. Redevelopment of Belvidere
Street will be the main focus of activity within the centre, offering
a place for small events, as well as a casual outdoor meeting
place for commuters, residents, workers and visitors. The
City of Belmont is working towards a vision that includes a
unifying landscape design and consistent tree planting aimed
at integrating seamlessly with existing streets to ensure strong
connectivity to the neighbourhood centre.
The 2 commercial properties on 52-56 Belvidere street right within the Belvidere main street redevelopment area, please below link for more information.
Keywords: Belmont, freehold