With its historic facades, beautiful parks and waterfront lifestyle it’s clear to see why Williamstown is such a high-demand market for developers and residents alike. Quality development approved sites in this tightly held pocket of Melbourne’s west are understandably rare. When one is made available for sale, experienced developers understand the importance of acting promptly.
Enter the Allard Shelton team with the latest high-profile offering - 60 Ferguson Street & 3 Coxs Garden in Williamstown, a prime corner property with planning approval for a fabulous mixed-use project.
“This property is a developer’s dream. Nestled in one of Melbourne’s most beloved neighbourhoods, the site comes with approved plans and permits for a three-storey building, offering six individual dwellings, one ground floor retail space and nine secure car spaces.” Allard Shelton agent Michael Ryan commented.
“The 430sqm property also has the added benefit of three street frontages, totalling close to 60m. This presents developers with incredible flexibility come time for construction."
The location is perfect for this project, situated within Williamstown's popular retail precinct and surrounded by quality retailers and service providers. Future residents are sure to enjoy the proximity of the waterfront, which is only 300m away, as well as the short 800m stroll to North Williamstown Train Station.
“All the boxes are pretty much already ticked,” co-selling agent Joseph Walton added.
“Copies of the approved plans and permits are available for view upon request, the location is second to none and the property currently retains holding income of $103,888pa (net) across two tenancies. The site is ready and waiting!”
Summary:
- Approved plans and permits for 3 level building; 6 dwellings, 1 retail shop, 9 secure car spaces
- 433sqm* across 2 titles, with 3 street frontages totalling 59.5m*
- Current retail income: $103,888 pa (net) across 2 tenancies
- Prime location within Williamstown's popular retail precinct, surrounded by quality retailers and service providers
- 300m* to Williamstown's waterfront and 800m* to North Williamstown train station
*Please note that all financials, measurements and distances quoted are approximate only.
60 Ferguson Street & 3 Coxs Garden, Williamstown is being presented for sale at auction; 11:30am Friday 16 August 2019.
For more information on this opportunity, and to receive a copy of the approved plans, please contact the Allard Shelton team and mention Development Ready.
Allard Shelton:
Michael Ryan: +61 433 180 199
Joseph Walton: +61 417 309 347
James Gregson: +61 421 516 480
