Telstra is selling a development site in central Bulla, about seven kilometres west of Melbourne Airport.
Zoned Township, the property includes a rectangle-shaped land component spreading 2435 square metres which can be built upon.
The property is also an investment, deriving an income from a communications facility Telstra will lease back. The rear portion of the property is tenanted to Bulla Produce-Saddlery, which specialises in stockfeed, horse feed, farm supplies, fencing and farm implements.
Commercial properties neighbouring the site include a BP service station, the Black Horse Hotel-Motel, a Bottlemart liquor outlet and fast food restaurant occupied by Hungry Jacks.
The Bulla Recreation Reserve – with the historic Alistair Clarke Memorial Rose Garden and bluestone Shire Hall building – is across the road.
GrayJohnson director Matt Hoath is marketing 94A Bulla Road for Telstra.
He said the property has approximately 100 metres of street frontage to Green Street and a profile of 40 metres to Bourke Street.
“Over recent years Bulla Road has been redeveloped as a dual, double-lane carriageway with a prominent roundabout added to the Green Street intersection,” Mr Hoath said. “This is also effectively the last level land area on top of the Bulla hill before Bulla Road winds down into the cutting that crosses the Deep Creek at the foot”.
A sale is expected to reap Telstra more than $950,000.