Bank on This!

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WED 1 May 2024 at 2 PM

Outstanding development opportunity with approved plans and permit for a four level office building with lift, car parking and a terrace with views. Brilliantly located on the north side of this quiet and wide South Melbourne street only a short walk to Clarendon Street's eclectic bars, cafes, restaurants, a multitude of transport options and a short tram ride to the CBD, Crown Casino, Botanic Gardens & MSAC. The current Victorian home has been converted to office use and is leased until September 2025 providing the astute purchaser with holding income. The 114 sqm (approx) site is zoned Commercial 2 and boasts three street frontages including vehicle access from Tope Street. The property benefits from the absence of a Heritage Overlay and will appeal to developers looking for a shovel-ready project or a design of their own (STCA), owner occupiers seeking a small South Melbourne office for their business or savvy investors chasing long term capital growth. An opportunity not to be missed. Inspect by appointment.



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